Friday, June 3, 2022

NuMark Credit Union to buy Illinois bank

NuMark Credit Union in Joliet, Ill., has agreed to buy Pioneer State Bank in Earlville, Ill. 

The $623 million-asset NuMark said it expects to complete the purchase of the $135 million-asset Pioneer in the fourth quarter. It did not disclose the price it will pay NBE Bancshares for its bank. 

Pioneer has four branches. 

McQueen Financial Advisors and Luse Gorman advised NuMark. Olsen Palmer and Godfrey & Khan advised Pioneer.
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