Illinois Department of Financial & Professional Regulation Illinois Department of Financial & Professional Regulation
 
Manuel Flores, Acting Secretary  
Pat Quinn, Governor
www.idfpr.com
Translate
www.idfpr.comAgency Quick Links
IDFPR Home Page
Military Families
License Look Up
Physician Profile
License Renewals
Latest News
Mandatory State's Attorneys Reports
Medical Cannabis F.A.Q.'s
Discipline Information
FOID Mental Health Reporting
Consumers
Professionals
Information About
IDFPR
Banking
Non-banking Financial Institutions
Professional Regulation
About IDFPR
Contact Information
General FAQs
Boards & Committees
Search IDFPR.com
Pay Our Bills.Illinois.Gov
State of Illinois Appointments
State of Illinois
Agencies, Boards & Commissions
IDFPR Latest News

The Illinois Department of Financial and Professional Regulation news page provides access to the department's news and press releases.

 

FOR IMMEDIATE RELEASE
Monday, June 17, 2013

State of Illinois

State Approves Major Bank Merger


 

CHICAGO – The Illinois Department of Financial and Professional Regulation has approved the merger of Archer Bank, Chicago; Metrobank, Chicago; Oswego Community Bank, Oswego; Plaza Bank, Norridge, with and into North Community Bank, Chicago.  The resulting bank will be $ 2.4 billion in total assets.   The Department also approved a change of ownership in North Community Bank to MBG Investors I, LP.  The approval will result in the largest minority owned bank headquartered in Illinois.  The principals of the group include:

Antonio del Valle Ruiz

Antonio del Valle Perochena

Adolfo del Valle Ruiz

Ignacio del Valle Ruiz

Francisco Javier del Valle Perochena

Juan Pablo del Valle Perochena

 

The proposed new management of North Community Bank will be:

Roberto R. Herencia, Chairman of the Board

Alberto J. Paracchini, President & Chief Executive Officer

Steve Eastwood, Chief Credit Officer

 

News Releases
RSS Feeds IDFPR RSS News Feed
2014 News Releases
2013 News Releases
2012 News Releases
2011 News Releases
2010 News Releases
2009 News Releases
2008 News Releases
2007 News Releases
External Links
State Features
Illinois AMBER Alert
Illinois Business Portal
Illinois Veterans Care
Illinois workNet