Illinois Department of Financial & Professional Regulation Illinois Department of Financial & Professional Regulation
Bryan A. Schneider, Secretary  
Bruce Rauner, Governor
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The Illinois Department of Financial and Professional Regulation news page provides access to the department's news and press releases.


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


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