Wenona Bancorp Announces Sale
November 11, 2020
La Salle, Ill.-based Eureka Savings Bank agreed to acquire Wenona, Ill.-based Wenona Bancorp Inc. in an all-cash deal. The financial terms of the Oct. 28 agreement were not disclosed.
Eureka Savings Bank had $360.3 million in assets as of Sept. 30, while Wenona Bancorp unit Wenona State Bank had $39.8 million in assets, according to data from S&P Global Market Intelligence.
The deal is expected to close in the first quarter of 2021. WCF Advisors is serving as the exclusive financial advisor to Wenona on the transaction.
