Advantage Bank completes the acquisition of The Financial Center of Illinois Inc.KENOSHA, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--Aug. 22, 1995--Advantage Bancorp Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AADV AADV Acquisition Aid Vehicle AADV Artists Against Domestic Violence ) and The Financial Center of Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. Inc. have closed on an agreement, announced earlier this year, for Advantage Bank to acquire The Financial Center. A mortgage broker operating in the Chicago and Milwaukee metropolitan areas, The Financial Center's Illinois office is in Naperville with the Milwaukee office located on Mayfair Road in Wauwatosa, Wis. Advantage Bank's current loan office in Brookfield, Wis. will be consolidated with the Mayfair Road site. Steven B. Weber Weber, river, United States Weber (wē`bər), river, c.125 mi (200 km) long, rising in the Uinta Mts., N central Utah, and flowing north and northwest to join the Ogden River at Ogden. The combined stream flows to the Great Salt Lake. , former president of The Financial Center of Illinois Inc., will retain that position with the newly formed entity, which will function under the name, ``The Financial Center.'' Harold Bloch will continue to manage The Financial Center's Milwaukee operations. Since its inception in 1981, The Financial Center has originated over $1 billion in loans and was recently rated the fifth largest Milwaukee based mortgage broker by The Milwaukee Business Journal. Through this acquisition, Advantage Bank has increased mortgage origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real capacity in Chicago and Milwaukee, as well as broadening its loan product offering, including FHA/VA mortgages. Advantage also plans to cross sell deposit, loan and investment services to the expanded customer base. CONTACT: Advantage Bancorp Inc., Kenosha Paul Gergen or Karl J. Ostby, 414/658-4861 or The Financial Center of Illinois Inc., Naperville Steven B. Weber, 708/505-9300 |
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