Home > M&A deals 2018 > First Mid-Illinois Bancshares acquires SCB Bancorp, Inc.
Divestiture · Financial Services · June 2018

First Mid-Illinois Bancshares acquires SCB Bancorp, Inc.

On June 12, 2018, First Mid-Illinois Bancshares acquired SCB Bancorp, Inc., a financial services company in Michigan, United States, from Horizon Bancorp.

Deal at a glance

AnnouncedJune 12, 2018 TypeDivestiture TargetSCB Bancorp, Inc. Buyer First Mid-Illinois Bancshares Seller Horizon Bancorp SectorFinancial Services LocationMichigan, United States ValueNot disclosed

Target company

SCB Bancorp, Inc.
Michigan, United States
Financial Servicessector
-founded
Activestatus
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Buyer

First Mid-Illinois Bancshares
Company · 3 deals on record
  • 1st transaction in financial services
  • 1st transaction in United States
3deals, all time
2in this sector
2021latest

Seller

Horizon Bancorp
Company · 9 deals on record
9investments
6in this sector
1exits

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Questions about this deal

Who acquired SCB Bancorp, Inc.?First Mid-Illinois Bancshares acquired SCB Bancorp, Inc. on June 12, 2018.

Who sold SCB Bancorp, Inc.?Horizon Bancorp was the seller.

What type of deal was it?It was a divestiture in the financial services sector in 2018.

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