Effingham and Trenton, Illinois (March 3, 2025) – Dieterich Bank (“Dieterich”) and Community Bank of Trenton (“CBT”) announced today that Dieterich Bank will acquire CBT in an all-cash transaction, which has been approved by Dieterich’s Board of Directors, the shareholders of CBT, and the Federal Reserve Bank of St. Louis. The transaction, which remains subject to further regulatory approval, is expected to close in the third quarter of 2025. On a pro forma basis, based on December 31, 2024, numbers, the combined company would have total assets of $1.48 billion and 16 full-service banking locations in southeastern Illinois as well as a Missouri based loan production office.
“We are excited to welcome the employees, customers, and communities of CBT to the Dieterich Bank family,” said Jason Semple, CEO of Dieterich Bank. “Steven Wallace, President and CEO of CBT, and his team have earned a strong reputation over the last 60 years through their commitment to customer service, relationship building, and serving their communities. We are confident in our ability to carry forward this tradition of excellence. The culture, employees, and branch locations in Trenton and Breese and the surrounding areas are a natural fit for Dieterich Bank. In addition to adding a great group of relationship driven bankers, the transaction aligns with our strategic initiative to expand our geographic footprint and branch network.”
“We were seeking a partner who not only understood our market, but who could enhance the experience of our customers through an expanded offering of products and services while providing our loyal staff the opportunity to continue to serve our community,” added Steven Wallace, President and CEO of CBT. “Dieterich Bank met all those criteria. We believe that Dieterich’s added operational support will allow our staff to further enhance the banking relationships we have worked so hard to develop. We look forward to partnering with Dieterich and are excited for the opportunities that lie ahead.”
Additional financial details surrounding the transaction were not disclosed.
About Dieterich Bank
Dieterich Bank, a unit of Prime Banc Corp., was chartered in 1909. For the past six years the bank has been recognized as a Best Places to Work in Illinois.
