ANNOUNCING THE PARTNERSHIP OF DAVID VAUGHAN INVESTMENTS AND MORTON COMMUNITY BANK
Together, David Vaughan Investments (DVI) and Morton Community Bank will leverage our independence, resources and expertise to redefine and deliver modern trust and advisory services to our current clients and to future generations.
FREQUENTLY ASKED QUESTIONS
WHY ARE DAVID VAUGHAN INVESTMENTS AND MORTON COMMUNITY BANK PARTNERING?
To create a strong future
DVI and Morton Community Bank are two like-minded organizations that share the same values and approach to serving our clients. Uniting DVI’s investment expertise with Morton Community Bank’s size and reach will positively impact the financial outcomes of both existing as well as future clients. We also believe the unique aspects of this collaboration will assist us in attracting top financial talent to our companies.
To redefine a modern trust company
Morton Community Bank and DVI are setting out to redefine what modern trust companies should be and how they interact with their clients. Together, we can offer enhanced investment and trust solutions with the latest technology—while continuing our commitment to “hometown” client service.
WHEN WILL THIS PARTNERSHIP GO INTO EFFECT? HOW WILL OWNERSHIP CHANGE?
By the end of June 2017, DVI and Morton Community Bank will have executed a definitive purchase agreement authorizing the acquisition of a majority interest in DVI by Morton Community Bank. This transaction will close in late September 2017. DVI senior partners will continue as shareholders and officers of DVI and will also acquire share ownership in Hometown Community Bancorp, Morton Community Bank’s parent company.
HOW IS THIS DIFFERENT FROM TRADITIONAL MERGERS AMONG FINANCIAL INSTITUTIONS?
We are committed to being independently united. We will cross-invest in one another and leverage our collective strengths but remain strong, independent companies.
Growth for growth’s sake is not our goal. We are focused on embracing process improvement, providing ancillary financial services and delivering world class investment results.
WHAT DO I STAND TO GAIN FROM THE NEW PARTNERSHIP? WHAT ARE THE BENEFITS?
We will act and serve solely in the best interest of our valued clients.
This partnership is committed towards building out or enhancing additional resources that our clients have told us they desire, most specifically relating to Trust and Private Banking resources. We believe both areas are ripe with opportunities to demonstrate the power of two.
WILL THIS CHANGE WHO I WORK WITH?
The same trusted team you work with today will be the same team you work with tomorrow.
WHO SHOULD I CONTACT IF I HAVE ANY ADDITIONAL QUESTIONS?
Morton Community Bank
David Vaughan Investments