Ill.'s First Federal to Acquire Clover Leaf

Mullins, Luke
February 2006
American Banker;2/7/2006, Vol. 171 Issue 25, p20
Trade Publication
This article reports that First Federal Financial Services Inc. of Edwardsville, Ill., has agreed to buy Clover Leaf Financial Corp., also of Edwardsville, for at least $20.4 million in cash and stock. The $140 million-asset First Federal said that it would convert its mutual holding company, which now owns 55% of the company's stock, into a standard holding company and use the proceeds from the stock sale to acquire the $132 million-asset Clover Leaf.


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