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Notice of Interagency Bank Merger Act Application




Peoples Bank & Trust located at 200 South Locust Street, Pana, Illinois 62557, intends to apply to the Federal Deposit Insurance Corporation for permission to merge with Arcola First Bank, 127 South Oak Street, Arcola, Illinois 61910. As part of the application, Peoples Bank & Trust will form Peoples Interim Bank to initially merge with Arcola First Bank. The FDIC considers a number of factors in deciding whether to approve the Application including the record of performance of Peoples Bank & Trust and performance in meeting local credit needs. It is contemplated that all offices of the above named institutions will continue to be operated.

Any person wishing to comment on this Application may file his or her comments in writing with the Regional Director of the Federal Deposit Insurance Corporation, 300 South Riverside Plaza, Suite 1700, Chicago, Illinois 60606-3447, no later than March 6, 2024. The non-confidential portions of the Application are on file at the appropriate FDIC office and are available for public inspection during regular business hours. Photocopies of the non-confidential portion of the Application file will be made available upon request.


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