June 12, 1997
Securities and Exchange Commission
450 North Capitol Street
Washington, D.C. 20549
RE: Firstbank of Illinois Co. form 8-K
Dear Sirs:
Pursuant to the filing requirements under the Securities and Exchange
Commission Act of 1934, we are hereby electronically filing a current report
on Form 8-K.
Sincerely,
By: /s/ Chris R. Zettek
Executive Vice President and
Chief Financial Officer
Enclosures
CRZ:ply
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)of
the Securities Exchange Act of 1934
June 12, 1997
(Date of Report)
FIRSTBANK OF ILLINOIS CO.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation or organization)
0-8426 37-6141253
(Commission File Number) (IRS Employer Identification No.)
205 South Fifth Street, Springfield, Illinois 62701
(Address of principal executive offices)
217-753-7543
(Registrant's telephone number, including area code)
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ITEM 5. Other Events
On June 11, 1997, Firstbank of Illinois Co. ("Firstbank") announced the
completion of its acquisition of BankCentral Corporation and its wholly-owned
subsidiary, Central National Bank of Mattoon, Mattoon, Illinois.
Central National Bank, with assets of approximately $110 million, operates
four banking locations in Mattoon, Illinois. The transaction was an exchange
of cash and Firstbank common stock totaling $13 million. The common stock
component represented 51% of the total purchase price.
A press release publicly announcing the event is attached.
<PAGE>
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FIRSTBANK OF ILLINOIS CO.
Registrant
By: /s/ Chris R. Zettek
Chris R. Zettek
ITS: Executive Vice President
and Chief Financial Officer
DATE: June 12, 1997
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FOR IMMEDIATE RELEASE
Wednesday, June 11, 1997
FIRSTBANK OF ILLINOIS CO.
COMPLETES ACQUISITION OF CENTRAL NATIONAL BANK OF MATTOON
SPRINGFIELD, IL, JUNE 11, 1997---Firstbank of Illinois Co. today announced
it has completed the acquisition of BankCentral Corporation and its wholly-
owned subsidiary, Central National Bank of Mattoon, Illinois.
Central National Bank, operating four banking locations in Mattoon,
Illinois, has total assets of approximately $110 million. The transaction
was an exchange of Firstbank common stock and cash totaling $13 million, of
which the common stock component was approximately 51%.
"Central National Bank gives Firstbank a significant market presence in
Mattoon and Coles County, Illinois. We are excited about expanding our
community banking franchise into this excellent eastern Illinois market.
This affiliation should allow Firstbank the opportunity to improve its
financial performance.
"Customers of Central National Bank of Mattoon will see the benefits of
this affiliation with Firstbank through greater financial resources and an
expanded menu of products and services," Ferguson said. "Corporate and
personal trust services, a full range of agricultural services, discount
brokerage and investment advisory services are examples of this expanded menu."
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Firstbank is the largest bank holding company headquartered in downstate
Illinois. The company provides banking, trust, and other financial services
through its subsidiaries in Central and Southern Illinois and the St. Louis
Metro area. Company subsidiaries in Illinois include Central Bank (Fairview
Heights), Central National Bank of Mattoon, Elliott State Bank (Jacksonville),
Farmers and Merchants Bank of Carlinville, The First National Bank of Central
Illinois (Springfield), First Trust and Savings Bank of Taylorville, FFG Trust,
Inc. (Springfield), FFG Investments Inc. (Springfield); and in Missouri include
Colonial Bank (Des Peres), Duchesne Bank (St. Peters) and Zemenick & Walker,
Inc. (St. Louis). The company operates 42 offices in 14 Illinois counties and
six offices in Missouri.
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