#United States #Landmark Credit Union #McHenry #North Shore Bank

Landmark Credit Union Expands Its Presence in McHenry, IL

Landmark Credit Union, a well-established financial cooperative, has announced an agreement to purchase the North Shore Bank branch located at 1689 N. Curran Rd. in McHenry, Illinois. This acquisition marks a significant move for Landmark, bringing in approximately $34 million in deposits and enhancing its presence in McHenry County.

Timothy Mackay, President and CEO of Landmark, expressed excitement about the acquisition, stating, "This acquisition allows us to deepen our commitment to the Illinois communities we already serve." He highlighted that the addition of a full-service branch will further support their already strong performance in the area, particularly with indirect lending activities.

The transaction not only includes the physical branch but also involves the assumption of associated deposits, which are pivotal to the financial institution’s growth strategy. Landmark aims to welcome the existing team from North Shore Bank, ensuring continuity and quality customer service for the residents of McHenry.

For over nine decades, Landmark has been devoted to enhancing member experiences, and this acquisition represents another step in its mission. Mackay reiterated the credit union's commitment to offering a vast array of services, focusing on personalized member interactions. He said, "We look forward to welcoming North Shore Bank's McHenry customers and team members to Landmark as we continue to focus on expanding our presence in this area."

Susan T. Doyle, Senior Vice President of Retail Banking at North Shore Bank, noted that the bank has been serving the McHenry community for two decades. The transition allows them to concentrate on their Wisconsin markets while still providing exceptional service to McHenry customers through the resources of Landmark.

The imminent closure of this agreement is anticipated in the latter half of 2026, contingent upon standard closing conditions, including required regulatory approvals. Landmark has committed to offering positions to all North Shore employees assigned to the McHenry branch, fostering job stability during the transition.

Landmark Credit Union, founded in 1933, prides itself on its non-profit status and dedication to providing members with favorable rates, personalized service, and enhanced banking experiences. With over $7 billion in assets and a membership base exceeding 400,000, Landmark continues to deliver a robust suite of financial products and services across its 35 branches.

Similarly, North Shore Bank, established in 1923 and located in Brookfield, Wisconsin, boasts over $2.5 billion in assets and serves a broad demographic across eastern Wisconsin and northern Illinois, encompassing metro Milwaukee and several other areas. This agreement will allow North Shore Bank to sharpen its focus on its Wisconsin clientele while ensuring that the residents of McHenry have continued access to quality banking services.

By expanding its footprint, Landmark Credit Union is not only enhancing its product offerings but also reinforcing its dedication to the communities it serves. This strategic acquisition symbolizes a bright future for both institutions and the community at large, promising greater accessibility, personalized service, and further financial stability for its members as they move forward together.