Brookfield Firm to Buy Smallest Bank in Illinois

Summary


A Brookfield financial technology company plans to buy the smallest bank in Illinois for about $1.1 million to pave the way for its check-clearing business.

Bank of Kenney, located near Springfield, Ill., would become part of iTeam Companies Inc. if the Federal Reserve Bank of Chicago approves the cash acquisition.

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Brookfield Firm to Buy Smallest Bank in Illinois

iTeam, which is headed by the former president of Universal Savings Bank in Milwauke...

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