Envisioned as a retail incubator for the city, McHenry broke ground for its Riverwalk Shoppes less than a year ago, on March 20, 2023.
Its plan a collaboration with the McHenry Area Chamber of Com.
The sale, which is pending regulatory approval, would increase the McHenry bank's assets from $350 million to $8 billion, Don Wilson, President of McHenry Savings Bank, said.
After closing in January due, in part, to the effects of the COVID-19 pandemic, the McHenry Downtown Theater is set to reopen next month in a pivot from movies to live performances.