Providence Bank & Trust, which has Northwest Indiana locations, has purchased Leaders Bank in Oak Brook, Illinois.
South Holland, Illinois-based Providence said its acquisition is subject to regulatory approval. Leaders’ assets are estimated at $359 million, which will bring Providence’s assets to $1.69 billion once the deal closes.
“Our investment in Leaders Bank reflects our ongoing commitment to providing personalized banking services and products at the community level,” said Steve Van Drunen, president and CEO of Providence. “We’re confident that customers will have a positive banking experience, as we carry on the high level of service that they have grown accustomed to.”
Providence Bank & Trust opened in 2004 and operates 15 branches. Its Region locations are in Dyer, Schererville and Munster. Leaders Bank was founded in 2000.
“We’re pleased to have come to an agreement with Providence Bank & Trust, as joining forces will provide a stronger banking network and enhanced services for our customers,” said William Gleason, president of Leaders Bank. “Our customers will be greeted with the same focus on customer commitment that Leaders Bank customers have come to expect.”
