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Heartland Financial USA Inc Acquires Sterling, Illinois-Based Freedom Bank


Friday, 22 Nov 2013 04:00pm EST 

Heartland Financial USA, Inc announced it has acquired Freedom Bank in Sterling, Illinois, from its parent company, River Valley Bancorp, Inc., a Davenport, Iowa-based bank holding company. The acquisition of Freedom Bank was arranged through a negotiated transfer of ownership with Heartland's flagship bank, Dubuque Bank and Trust Company. Freedom Bank will operate independently as a subsidiary of Dubuque Bank and Trust Company under its current name, staff and systems until at least the first quarter of 2014. 

Company Quote

23.94
0.47 +2.00%
29 Jul 2014