Great Lakes Finl Res (GLFL) 359.0000 $GLFL
Chicagoland Banks To Merge--Pace of Consolidation Expected to Accelerate
PRWeb - Fri Jul 11, 4:31PM CDT
In the highest premium to tangible book value deal since 2010 involving a Chicagoland community bank, Austin Associates, LLC, an Ohio-based financial institutions investment banking and consulting firm, served as financial advisor to Matteson, IL-based Great Lakes Financial Resources, Inc. in a proposed merger with First Midwest Bancorp, Inc., headquartered in Itasca, IL. The cash and stock deal would combine Great Lakes, a $580-million asset community banking company with the $8.3-billion asset First Midwest in a $58 million transaction that represents a premium of 132 percent over Great Lakes' March 31, 2014 tangible book value and more than 18 times its last 12-months earnings.
Why First Midwest Bancorp (FMBI) Stock Is Higher Today
at The Street - Tue Jul 08, 11:24AM CDT
First Midwest Bancorp (FMBI) is up after it announced it will acquire Great Lakes Financial Resources (GLFL) in a deal worth $58 million.
First Midwest Bancorp, Inc. to Acquire Great Lakes Bank
Marketwire - Tue Jul 08, 7:03AM CDT
First Midwest Bancorp, Inc. ("First Midwest"
(NASDAQ: FMBI), the parent company of First Midwest Bank, today announced that it has entered into a definitive agreement to acquire south suburban Chicago-based Great Lakes Financial Resources, Inc. ("Great Lakes" (OTCQB: GLFL), the holding company for Great Lakes Bank, National Association.
Chicagoland Banks To Merge--Pace of Consolidation Expected to Accelerate
PRWeb - Fri Jul 11, 4:31PM CDT
In the highest premium to tangible book value deal since 2010 involving a Chicagoland community bank, Austin Associates, LLC, an Ohio-based financial institutions investment banking and consulting firm, served as financial advisor to Matteson, IL-based Great Lakes Financial Resources, Inc. in a proposed merger with First Midwest Bancorp, Inc., headquartered in Itasca, IL. The cash and stock deal would combine Great Lakes, a $580-million asset community banking company with the $8.3-billion asset First Midwest in a $58 million transaction that represents a premium of 132 percent over Great Lakes' March 31, 2014 tangible book value and more than 18 times its last 12-months earnings.
Why First Midwest Bancorp (FMBI) Stock Is Higher Today
at The Street - Tue Jul 08, 11:24AM CDT
First Midwest Bancorp (FMBI) is up after it announced it will acquire Great Lakes Financial Resources (GLFL) in a deal worth $58 million.
First Midwest Bancorp, Inc. to Acquire Great Lakes Bank
Marketwire - Tue Jul 08, 7:03AM CDT
First Midwest Bancorp, Inc. ("First Midwest"
(NASDAQ: FMBI), the parent company of First Midwest Bank, today announced that it has entered into a definitive agreement to acquire south suburban Chicago-based Great Lakes Financial Resources, Inc. ("Great Lakes" (OTCQB: GLFL), the holding company for Great Lakes Bank, National Association. 
