GreenState purchases banks in Illinois and Nebraska

North Liberty, Iowa-based GreenState Credit Union has entered into purchase and assumption agreements with Oxford Bank & Trust of Oak Brook, Illinois, and Premier Bank of Omaha, Nebraska, company officials announced in a news release.

“We are excited about the opportunity to expand GreenState’s footprint and serve people in these two, key markets,” said Jeff Disterhoft, president and CEO of GreenState, said in a release. “Both banks have a strong legacy of providing quality service and demonstrating community involvement, and we are pleased to welcome them – and their customers – into the GreenState family.”

As a part of these newly announced agreements, GreenState will purchase all of the assets and branches of both banks. This includes: Oxford’s six branch locations in Addison, Naperville, Plainfield and Westmont, as well as the bank’s headquarters in Oakbrook; and all four of Premier Bank’s Nebraska locations, which are located in Omaha and Nebraska City.

These transactions are subject to regulatory approval and both are expected to close by fourth quarter of 2021.