Midland to buy HomeStar in Illinois

A pair of Illinois banks are merging. Effingham-based Midland States Bancrop agreed to acquire HomeStar Financial Group, Manteno, in an all-stock transaction worth about $10 million. [Continue]

Pot banking edges toward acceptability

Congress took a major step toward opening banking services to the fast-growing marijuana industry last week. The House Financial Services Committee voted 45-15 to send the Secure and Fair Enforcement Banking Act Banking Act, a bipartisan bill that aims to bridge the gap between state and federal laws, to the full House. [Continue]

Deal pushes Michigan’s ChoiceOne past $1 billion

Sparta, Mich.-based ChoiceOne Financial Services, Inc., parent of ChoiceOne Bank, has signed an agreement with County Bank Corp., to acquire its Lakestone Bank & Trust. Lapeer, Mich.-based County will combine with ChoiceOne in a “strategic merger of equals” creating a $1.3 billion bank. [Continue]