Schiff Hardin represented Washington Savings Bank on its acquisition of The First National Bank of Mattoon. The transaction was announced on February 18, 2021 and the terms were not disclosed.
First National Bank is a wholly-owned subsidiary of MGB Bancshares, Inc. with banking facilities in Mattoon and Lerna, Ill.
Washington Savings Bank provides personal banking, commercial banking, and trust and investment services in Effingham and Mattoon. Ill.