Skip to main content

BKD Capital Advisors Advises Rockwood Bancshares, Inc. on Merger

Written by Customer Service on . Posted in Mergers And Acquisitions.

Springfield, MO, Nov. 24, 2020 (GLOBE NEWSWIRE) — BKD Capital Advisors (BKDCA) is pleased to announce that First Illinois Bancorp, Inc. (First Illinois), the holding company of Lindell Bank & Trust Company (Lindell Bank), and Rockwood Bancshares, Inc. (Rockwood), the holding company of Rockwood Bank, have completed a merger in which Rockwood has become a wholly owned subsidiary of First Illinois. BKDCA served as the exclusive financial advisor to Rockwood in this transaction.With the merger complete, Rockwood Bank is expected to consolidate into Lindell Bank and begin operation under the Lindell Bank name in the second quarter of 2021.Lindell Bank and Rockwood Bank share a proud heritage of serving local communities. Lindell Bank serves its customers through 12 banking facilities across Missouri and Illinois. Rockwood serves its customers through four facilities in Missouri. Currently, Lindell Bank has total assets of approximately $540 million, Rockwood Bank has total assets of approximately $270 million and the combined banking organization will have total assets in excess of $800 million.Rockwood sought a capital advisor to help secure its future growth. Ultimately, Lindell Bank was selected as the ideal choice for Rockwood Bank as both organizations have a strong commitment to customer service and this acquisition will help provide additional conveniences, products and services to the communities Rockwood Bank serves.Polsinelli PC served as legal advisor to Rockwood in this transaction. Lewis Rice LLC served as legal advisor to First Illinois in this transaction.For more information about the transaction, please contact BKD Trusted Advisor™ Wyatt Jenkins at 417.234.0320 or wjenkins@bkd.com.-30-BKD Capital AdvisorsFounded in 1994, BKD Capital Advisors, LLC, a wholly owned subsidiary of BKD, LLP, is a leading investment banking firm providing merger and acquisition, capital formation and strategic advisory services to middle-market companies. BKD Capital Advisors has offices in four cities in the U.S., including Chicago, Denver, Indianapolis and Springfield, Missouri. BKD Capital Advisors is a member of FINRA and SIPC.Travis Bradshaw
BKD CPAs & Advisors
816-221-6300
tbradshaw@bkd.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.