On August 28, 2025, Land of Lincoln Credit Union (“LLCU”), Decatur, Illinois, entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Williamsville State Bank and Trust (“Williamsville”), Williamsville, Illinois.

LLCU has approximately $478 million in assets, operates 15 branches and has over 38,000 members.

Williamsville has approximately $97 million in assets and operates three branches.

Luse Gorman is serving as legal counsel to LLCU in the transaction. The Luse Gorman team consists of Jeff Cardone, Michael Brown, and Babette Schwartz.

Luse Gorman has acted as counsel on more than 150 bank and credit union merger transactions during the past ten years and on more bank and credit union merger transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.