Landmark Credit Union in Brookfield, Wis., outside of Milwaukee, has reached an agreement to acquire a North Shore Bank branch in McHenry, Ill., a move that will add approximately $34 million in deposits and expand the credit union's presence in the region.
The transaction includes the branch at 1689 N. Curran Rd., along with its deposits and employees, but excludes loan relationships. The deal is expected to close in the second half of 2026, pending regulatory approvals and customary closing conditions.
"This acquisition allows us to deepen our commitment to the Illinois communities we already serve," said Timothy Mackay, president/CEO of Landmark, noting the organization's strong indirect lending activity in the area.
Landmark said the addition of a full-service branch will enhance convenience and provide expanded services, including digital banking capabilities, for both existing and new members. The $7 billion-asset credit union serves more than 400,000 members across 35 branches.
North Shore Bank, which has operated in McHenry for two decades, said the agreement supports its strategic focus on Wisconsin markets.
"This agreement allows us to focus on our Wisconsin markets while ensuring McHenry customers and associates continue to be well served," Susan T. Doyle, SVP of retail banking at North Shore Bank, said.
All employees at the McHenry branch will be offered positions with Landmark upon completion of the deal.
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