Northern States Financial Corporation Announces Stockholder Approval For Merger
WAUKEGAN, Ill., Oct. 05, 2018 (GLOBE NEWSWIRE) -- Northern States Financial Corporation (OTC PINK: NSFC) (the “Company”), the holding company for NorStates Bank, announced today that the Company’s stockholders voted in favor of the merger between the Company and First Midwest Bancorp, Inc. (“First Midwest”). As previously announced, on June 6, 2018, the Company entered into an Agreement and Plan of Merger with First Midwest, pursuant to which the Company will merge into First Midwest, with First Midwest as the surviving corporation. Completion of the merger is expected in the fourth quarter of 2018, subject to customary closing conditions.
About Northern States Financial Corporation
Northern States Financial Corporation is the holding company for NorStates Bank. NorStates Bank maintains its principal executive offices in Waukegan, Illinois. NorStates Bank is a client-focused bank committed to providing quality financial services with a personal touch through a complete line of loan, deposit and cash management services. It provides these financial services through eight banking locations in Lake County, Illinois. NorStates Bank’s website is
Forward-Looking Information
This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include, but are not limited to, the risk that the merger may not be completed or may not be completed in a timely manner, fluctuations in interest rates, inflation, government regulations, general economic conditions, competition within the business areas in which the Company conducts its operations including the real estate market in Illinois, and other factors beyond the Company’s control. Such risks and uncertainties could cause actual results for subsequent interim periods or for the entire year to differ materially from those expressed or implied by any forward-looking statement. Readers should not place undue reliance on the forward-looking statements, which reflect management’s beliefs, expectations and assumptions only as of the date hereof. The Company undertakes no obligation to update statements to reflect new information or subsequent events or circumstances.
For Additional Information, Contact:
Scott Yelvington, President and Chief Executive Officer (847) 775-8200 Ext. 1201
Websites:
