Alpine Bank Sells for $181 Million


Locally-owned Alpine Bank has been sold to another Illinois-based bank.

Midland States Bancorp out of Effingham will purchase Alpine for $181 million.  Belvidere-based Alpine Bank currently has 19 locations across the Stateline area.

The buyout will make Midland the fourth largest community bank based in Illinois.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest News Video

Trending Stories