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-BankFinancial Corporation acquires DG Bancorp.

Global Banking News-March 21, 2011--BankFinancial Corporation acquires DG Bancorp(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 21 March 2011

BankFinancial Corporation (NASDAQ: BFIN) has said that it has completed its acquisition of DG Bancorp, and its wholly-owned subsidiary, Downers Grove National Bank, for USD3.27m in cash.

Following the acquisition, BankFinancial has two banking locations in the Downers Grove and Westmont communities. 'Downers Grove National Bank is a well-established community bank that complements our branch network very well. We are enthusiastic about extending our products and services to customers in Downers Grove and southeastern DuPage County. We're pleased to have closed the transaction as a privately negotiated transaction and we are eager to begin working with our new colleagues to serve those communities and adjacent neighbourhoods,' said BankFinancial chairman and CEO, F. Morgan Gasior.

BankFinancial Corporation is the holding company for BankFinancial, FSB, with total assets of USD1.531bn operating through 20 full-service banking offices, located in the Cook, DuPage, Lake and Will Counties, Illinois.

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Publication:Telecomworldwire
Date:Mar 21, 2011
Words:190
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