Tri-County Financial Group merges with Lincoln Bancorp
MENDOTA — Lincoln Bancorp Inc. of Rochelle will merge with Tri‑County Financial Group Inc. of Mendota.
Timothy J. McConville, president and CEO of Tri‑County Financial Group Inc., and Richard K. Ohlinger, president and CEO of Lincoln Bancorp Inc., announced on Feb. 11 the companies have entered into a definitive agreement under which Lincoln will be acquired by Tri‑County.
In addition, Lincoln State Bank S.B. will merge its operations with Tri‑County’s affiliate, First State Bank, which has 18 facilities including six in Bureau, LaSalle and Putnam counties.
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