CBI Bank & Trust, F&M Bank complete merger

Central Bancshares Inc., a community bank holding company based in Muscatine, announced that it has merged two of its subsidiaries, Galesburg, Ill.-based F&M Bank and Muscatine-based CBI Bank & Trust.

The combined organization has $1.1 billion in assets and 230 employees, and serves over 43,000 consumer and business customers through 16 offices in eastern Iowa and western Illinois.

This story originally appeared on the Voice of Muscatine. Read More local stories here.

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