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Tampa investment firm buys Illinois bank

April 14, 2021 - Katz Acquisition Corporation LLC, a Tampa-based bank holding company, has acquired Camp Grove Bancorp, the parent company of Camp Grove State Bank in Camp Grove, Illinois. Financial terms were not disclosed. Camp Grove State Bank had $17.6 million in assets as of Dec. 31. The bank previously was owned by the Hickey family. Dennis Hickey, who was president for the last 31 years, was named market president, and Christopher Barton, a longtime veteran of the Illinois banking community, was named CEO of the bank. Katz Acquisition is chaired by Brian Katz, who will serve on the bank's board of directors. Barack Ferrazzano Kirschbaum & Nagelberg and Shutts & Bowen served as legal advisors for Katz Acquisition. Olsen Palmer was financial advisor to Camp Grove Bancorp with Godfrey Kahn as legal advisor. Camp Grove is about 150 miles from Chicago and about 28 miles from Peoria, Illinois.

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