Advia Excited for Future Growth in Illinois
Advia has announced its growth in Illinois – bringing additional opportunities to members in northeastern Illinois. The Board of Directors of Advia Credit Union announced that it has signed a definitive agreement to acquire NorthSide Community Bank, headquartered in Gurnee, Illinois, with branches in Gurnee, Mundelein, Niles and Riverwoods.
“We are excited to welcome the customers of NorthSide Community Bank as members of Advia Credit Union,” said Advia President/CEO Jeff Fielder. “At Advia, our mission is to provide financial advantages to those we serve. NorthSide has a very talented team, and we are excited to have them join ours – growing stronger together. As an organization, we are dedicated to advancing lives in our communities and look forward to being an even stronger contributor within Illinois through outreach and volunteerism.”
With this acquisition, Advia will serve approximately 200,000 members with 32 branches in Michigan, Illinois and Wisconsin. In Illinois, there will be a total of seven branches in Gurnee, Mundelein, Niles, Riverwoods, Crystal Lake, Cary, and Woodstock. In Wisconsin, Advia has six branches throughout Beloit, Janesville, Williams Bay, Elkhorn, and Silver Lake. Advia also has a total of 12 branches in West Michigan and another seven in Eastern Michigan.
“We are very pleased with the transaction, and we believe NorthSide Community Bank’s customers, employees, communities and shareholders will all benefit,” said Patti Clausen, President/CEO of NorthSide Community Bank. “Advia is well positioned to competitively meet the financial needs of both our commercial and consumer customers.”
The transaction, which is subject to regulatory and shareholder approval, and is expected to be completed in the third quarter of 2024, further strengthens Advia’s position within its service area in Illinois, Wisconsin and Michigan. Currently ranked in the top 3 percent in the nation among credit unions in terms of asset size, Advia will have over $3 Billion in assets and over 550 employees.
“Advia continues to grow stronger and is well positioned for serving members throughout our multi-state region,” added Fielder. “As a member-owned, not-for-profit financial cooperative, we offer lower cost financial products and services in our communities and give back to our member-owners in the form of better technology, innovative services and excellent deposit and loan rates. We are focused on building long-lasting, rewarding relationships with our members, helping them save more and enjoy easy access to financial services.”