Investment Banking Services For Community Banks

On January 26, 2024 CBI Bank & Trust, a wholly-owned subsidiary of Central Bancshares, Inc., both headquartered in Muscatine, Iowa consummated the acquisition of certain assets and assumption of deposits of the Joy, Illinois branch of Farmers-Merchants Bank of Illinois, headquartered in Joy, Illinois. Cummings & Company, LLC acted as financial advisory to CBI Bank & Trust in this transaction.

On January 26, 2024, Bank of Pontiac, a wholly -owned subsidiary of Pontiac Bancorp, Inc. (OTCPK:PONT), both headquartered in Pontiac, Illinois, consummated the acquisition of certain assets and assumption of deposits for the Paxton, Piper City and Melvin branches from Farmers-Merchants Bank of Illinois, headquartered in Joy, Illinois. Cummings & Company, LLC acted as financial advisor to Bank of Pontiac in this transaction.

On October 26, 2023, Central Bancshares, Inc., headquartered in Muscatine, Iowa, consummated its acquisition of McLaughlin Holding Company and its wholly-owned subsidiary SENB Bank, both headquartered in Moline, Illinois. Cummings & Company, LLC acted as financial advisory to Central Bancshares, Inc. in this transaction.

On June 8, 2023 CIBM Bank, headquartered in Champaign, completed the sale of certain deposits of its Danville, Illinois branch to University of Illinois Community Credit Union, headquartered in Champaign, Illinois. Cummings & Company, LLC acted as financial advisor to CIBM Bank in this transaction.

On October 1, 2022 Landmark Bancorp, Inc. (NasdaqGM:LARK), headquartered in Manhattan, Kansas, consummated its acquisition of Freedom Bancshares, Inc., headquartered in Overland Park, Kansas. Cummings & Company, LLC acted as financial advisor to Landmark Bancorp, Inc. in this transaction.

On September 23, 2022 Fidelity Federal Bancorp, headquartered in Evansville, Indiana, completed the acquisition of Cowden Bancorp, Inc., headquartered in Cowden, Illinois, and its wholly-owned subsidiary, Community Banks of Shelby County, also headquartered in Cowden, Illinois. Cummings & Company, LLC acted as financial advisor to Fidelity Federal Bancorp in this transaction.

On June 27, 2022 Fidelity Federal Bancorp, headquartered in Evansville, Indiana,  entered into a Stock Purchase Agreement to acquire Rockhold Bancorp headquartered in Kirksville, Missouri. Cummings & Company, LLC acted as financial advisor to Fidelity Federal Bancorp in this transaction.

On April 1, 2021 Pontiac Bancorp completed the acquisition of First Farmers State Bank, headquartered in Minier, Illinois from its parent Minier Financial, Inc. Cummings & Company LLC acted as financial advisor the Pontiac Bancorp, Inc. in this transaction.

On November 12, 2020 Sardis Bankshares, Inc. repurchased common shares from certain Sardis Bankshares, Inc. stockholders. Cummings & Company, LLC acted as financial advisor to Sardis Bankshares, Inc. in this transaction.

On December 17, 2019 First Trust Financial Corp, headquartered in Kankakee, Illinois completed its acquisition of Prairie State Bancorp, Inc., headquartered in Danforth, Illinois. Cummings & Company, LLC acted as financial advisor to First Trust Financial Corp.

On December 12, 2019 Central Bancshares, Inc., headquartered in Muscatine, Iowa completed its acquisition of Walcott Trust and Savings Bank, headquartered in Walcott, Iowa. Cummings & Company, LLC acted as financial advisor to Central Bancshares, Inc.

On August 1, 2018 Peoples Bancorp, headquartered in Rock Valley, Iowa, completed its acquisition of Pinnacle Bancorp, Inc. (Iowa) and Pinnacle Bank Sioux City, both headquartered in Sioux City, Iowa. Cummings & Company, LLC acted as financial advisor to Peoples Bancorp in this transaction.

On November 29, 2017 Southern Bank, a wholly-owned subsidiary of Sardis Bancshares, Inc., both headquartered in Sardis, Georgia announced that it had entered into an agreement to sell substantially all of its assets and have substantially all of its liabilities assumed by SRP Federal Credit Union, headquartered in North Augusta, South Carolina. Cummings & Company, LLC acted as financial advisor to Sardis Bancshares, Inc.

On September 25, 2017 First Reliance Bancshares, Inc. (FSRL:OTC pink) headquartered in Florence, South Carolina entered into an Agreement and Plan of Merger to acquire Independence Bancshares, Inc. (IEBS:OTCBQ) headquartered in Greenville, South Carolina. Cummings & Company, LLC issued a fairness opinion to First Reliance in this transaction.

On July 1, 2016 Central Bancshares, Inc., headquartered in Muscatine, Iowa completed its acquisition of Brimfield Bank, Brimfield, Illinois. Cummings & Company, LLC acted as financial advisor to Central Bancshares.