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Article: First Colonial Bankshares Corp. completes acquisition of Michigan Avenue National Bank.
- Article from:
- PR Newswire
- Article date:
- December 7, 1984
CopyrightCOPYRIGHT 1984 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Dec. 7 /PRNewswire/ -- First Colonial Bankshares Corp. (NASDAQ), of Chicago, today completed its acquisition of the $178 million-asset Michigan Avenue National Bank, located at 30 N. Michigan Ave., in Chicago.
According to First Colonial Chairman and Chief Executive Officer C. Paul Johnson, the $16 million acquisition of Michigan Avenue National Bank, increases the total banking assets of the holding company to more than $450 million and provides it with an excellent, highly visible downtown location which will complement First Colonial's commitment to its ...