Midwest Buys Big Foot

Midwest Banc Holdings Inc., Melrose Park, Ill., has completed the acquisition of Big Foot Financial Corp., Long Grove, Ill., the holding company for Fairfield Savings Bank FSB.The details of the stock transaction were not disclosed. Big Foot, which provided mortgage and consumer loans as well as checking and savings accounts, had approximately $200 million in total assets and three locations in the Chicago area, Midwest said. The acquisition expands Midwest's branch network to 15 locations in the Chicago metropolitan area, the company said. The three Fairfield branches have become part of Midwest Bank and Trust Co., Midwest's flagship subsidiary.

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