Recently Central Bancshares Inc. of Muscatine announced an agreement to acquire McLaughlin Holding Company and merge CBI Bank and Trust with Southeast National Bank (SENB).
Central Bancshares, Inc. of Muscatine, parent company of CBI Bank & Trust, and McLaughlin Holding Company, parent company of SENB Bank, based in Moline, are merging. Central Bancshares will acquire McLaughlin Holding Company and merge SENB Bank into CBI Bank & Trust, the company said in a Friday news release. The transaction is subject to […]