Arcola First Bank to Merge with Peoples Bank & Trust
•January 10, 2024•
John Gardner, President & CEO of Peoples Bank & Trust, headquartered in Pana, Ill. and Dale Boyer, President & CEO of Arcola First Bank, headquartered in Arcola, Ill., are pleased to announce an agreement to merge Arcola First Bank with Peoples Bank & Trust. The bank resulting from the merger will be Peoples Bank & Trust. The agreement is subject to regulatory approval and is expected to close in late spring or early summer.
“I’m excited to bring Peoples Bank & Trust to Arcola, Arthur, and Tuscola.” Dale Boyer said, “They have a true focus on delivering the best possible services, and are dedicated to providing excellent customer service to the communities they serve.”