Katz Acquisition Corporation LLC, a Tampa-based bank holding company ( Katz Acquisition Corp. )
, announced today the acquisition of Camp Grove Bancorp, Inc., parent company of Camp Grove State Bank ( CGSB ), in Camp Grove, Illinois, according to its Chairman Brian Katz.
Katz Acquisition Corp. acquired 100 percent of the outstanding stock of Camp Grove Bancorp, Inc. The acquisition closed on April 9, 2021, after receiving required regulatory approvals earlier this year. We are excited about the strategic benefits this acquisition will bring to the Camp Grove and Greater Peoria communities now and in the future, said Brian Katz, founder and Chairman of Katz Acquisition Corp., an affiliate of Katz Capital. We look forward to continuing the legacy of the Hickey family, who has owned and operated CGSB for over three generations. We re truly excited to bring advanced commercial banking technologies and solutions to expand services for the residents and businesses in the region.