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Rockford Bank & Trust acquisition near completion – The Rock River Times

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Rockford's Independent Newspaper

Rockford Bank & Trust acquisition near completion

By Jim Hagerty

Staff Report

ROCKFORD – Illinois Bank & Trust (IBT) is taking final steps to complete its acquisition of Rockford Bank & Trust during a systems conversion over the next few days.

The conversion is the final step in the acquisition process which has been underway since Illinois Bank & Trust announced its acquisition of Rockford Bank & Trust in August. Illinois Bank & Trust is the largest locally headquartered bank in Rockford.

On Monday, Feb. 10, former Rockford Bank & Trust customers will be able to access 10 banking centers – six in the Rockford metro area and four in northwest Illinois including Stockton, Elizabeth & Galena. Customers will also have access to over 60 surcharge-free ATMs.

Illinois Bank & Trust’s Banking Center on Guilford Road will be closed Saturday, Feb. 8 for the conversion. All other IBT banking centers will follow normal banking hours.

“Illinois Bank & Trust has been working diligently since last August to ensure a smooth and seamless transition for former Rockford Bank & Trust customers,” said Senior Vice President Gina Caruana. “We are excited to move forward, stronger, together as one and to welcome those new customers and employees into the Illinois Bank & Trust family.”

Caruana said extra bankers will be on site to assist customers with any questions during the conversation process.

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