Investor group enters banking with acquisition
Commercial Bancshares Corporation, Chicago, has acquired controlling interest in CenTrust Financial, Inc., the parent company of CenTrust Bank, N.A., a community bank with $105 million in assets and a single branch located between the Northbrook and Deerfield suburbs of Chicago. The $10 million investment in CenTrust Financial provides for the recapitalization of CenTrust Bank and gives Commercial Bancshares an 87 percent stake in CenTrust.
Commercial Bancshares Corporation was organized to establish a . . .