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Stock Market & Financial Investment News

News Breaks
January 22, 2013
19:05 EDTWTFCWintrust Financial to acquire First Lansing Bancorp for $38.5M
Wintrust Financial announced the signing of a definitive agreement to acquire First Lansing Bancorp. FLB is the parent company of First National Bank of Illinois. Subject to possible adjustment based on FLB's equity at closing, the aggregate purchase price will approximate $38.5M. The transaction is expected to close early in Q2 and is not expected to have a material effect on Wintrust's 2013 EPS.
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