Getting your Trinity Audio player ready...
Naperville Bank, with assets of $35 million, is being purchased by an investment group headed by Kenneth McPherson, former president of First Security Bank and Gary-Wheaton Bank of Downers Grove. Terms were withheld. Sale of the 25-year-old bank is expected to close during the third quarter . . . Madison Bank and Trust Co. in Chicago and Madison National Bank in Niles have been merged into Madison Bank N.A., according to officials of River Forest Bancorp, parent of the two.
