Business Acquisitions and Divestitures

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Business Acquisitions and Divestitures

Business Acquisitions and Divestitures

On June 17, 2016, Centrue Bank completed the sales of its Fairview Heights, Aviston and St. Rose, Illinois branches. The sales resulted in a reduction of $51.7 million of deposits, $13.1 million of loans and $5.1 million of fixed assets. These transactions generated a net gain of $1.1 million.