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Providence Bank & Trust, along with The Leaders Bank, announced that we have reached an agreement whereby Leaders Bank will be merged into Providence Bank & Trust. This is pending regulatory approval which we anticipate in early 2nd quarter of 2022.
The Leaders Bank chose Providence Bank & Trust as a merger partner to enhance the services and products available to their clients. Providence Bank & Trust will provide enhanced capabilities such as wealth advisory and trust services, commercial equipment leasing, enhanced digital banking products and increased lending options for both individual and business customers. We are confident that you will experience a rewarding banking experience as we continue the high touch relationship banking that you’ve come to enjoy.
Just as Leaders Bank has a long history of valuing service and relationships, as a bank and as a member of the community, Providence Bank & Trust has been committed to serving our clients and communities by placing our clients’ needs first and responding promptly with meaningful products and services. The investment Providence Bank & Trust has made in acquiring Leaders Bank demonstrates our continued commitment to our mission, vision and values – Our genuine commitment to service and stewardship, offering meaningful products and services, responding to the diverse and evolving needs of our customers and communities, and helping to build vibrant neighborhoods where people want to live, work and play for generations to come.
We look forward to the opportunity in becoming your new financial partner. We will continue to update you along the way as more details become available.
In this agreement, Leaders Bank recognized a tremendous opportunity to build upon its accomplishments and ensure that it could continue to fulfill its mission and serve customers at an even higher level, including expanded products and services and increased lending options. Combining operations with Providence Bank & Trust will ensure that your banking expectations are not only met but exceeded.
Yes. In early 2022, the name of your bank will change to Providence Bank & Trust.
There will be no changes to any of Leaders Bank’s services or customer transactions until early 2022. All loan applications are currently being processed, and customers will have the same accounts and lines of credit.
At this time, your account numbers and routing number will remain the same.
Our commitment is to ensure the integration with Providence Bank & Trust will only enhance your banking experience. We will communicate regularly as the integration is underway and you will be notified well in advance of any change that occurs.
Leaders Bank decided to combine operations with Providence Bank & Trust for its strong commitment to customer service and its willingness to put customers first. You will experience many benefits, including continued investment in the community, expanded services such as a larger branch network, commercial leasing, and trust and wealth advisory services. Like Leaders, Providence Bank & Trust is a strong institution which is well-capitalized. We’re confident that your expectations will not only be met, but exceeded.
Providence Bank & Trust prides itself on high-quality customer service and is committed to ensuring that issues are handled properly and efficiently.
This acquisition will enhance the services that customers receive, including a larger, stronger banking network with access to new banking services, such as commercial leasing, wealth advisory and trust services, and broader lending for commercial and small business customers. Additionally, Providence Bank & Trust has been a rapidly growing, stewardship-based bank. Founded in South Holland, Illinois—and now with $1.331 billion in assets and 15 locations serving Bellwood, Chicago (Bronzeville, Chatham, Greater Grand Crossing), Cicero, Frankfort, Oak Lawn, Orland Park, Palos Heights, South Holland, Villa Park and Wheaton in Illinois, as well as Dyer/St. John, Munster and Schererville in Indiana—Providence Bank & Trust serves its customers as an involved community bank. Providence Bank & Trust is committed to improving lives and services in the communities it serves.
You may continue to ask any of the Leaders Bank staff in the bank or call 630-572-5323.
We’re excited to become your new Community Bank! Our Relationship Bankers and Customer Care Specialists are available by calling 888-923-5664 to answer questions you may have about our products and services. You will continue to receive updates from Providence Bank & Trust related to your accounts and services as we move forward through the conversion process.
For now, you should continue to conduct your banking as you have in the past. Upon the system conversion, scheduled for late 2nd quarter 2022, you will gain access to all 15 Providence Bank & Trust locations and ATMs.