First Midwest Bancorp said this week that it has entered into a definitive agreement to acquire Peoples' Bank of Arlington Heights. “We are very pleased to announce this transaction and look forward to welcoming the customers and employees of Peoples' Bank to First Midwest," Michael Scudder, president and CEO of First Midwest, said.
Union Partners I LLC said recently that it closed on an asset-purchase agreement on Friday with Lee Steel Corporation, which includes all assets of Lee's Wyoming, Michigan, facility and working capital assets of Lee's Romulus, Michigan facility. “This is a new day for Lee Steel’s employees, customers and vendors, and we look forward to getting back to business,” Chris Hutter, a spokesman for Union Partners, said.
Arthur J. Gallagher & Co. said late last week that it has acquired North Alabama Insurance, Inc. (NAI), in Florence, Alabama. "The NAI team is well-known for their depth of underwriting experience, as well as their strong market relationships," Arthur J. Gallagher & Co. Chairman, President and CEO J. Patrick Gallagher, Jr., said.