Decatur, IL, September 1, 2026 – Land of Lincoln Credit Union (“LLCU”) of Decatur, IL, today announced the completion of its purchase and assumption transaction with Williamsville State Bank & Trust (“WSBT”) in which LLCU has acquired substantially all the assets and assumed substantially all the liabilities of Williamsville State Bank & Trust. With the acquisition complete, LLCU has expanded its footprint to include branches in Sherman and Williamsville, IL bringing us to a total of 15 branches.
Robert Ares, President and CEO of Land of Lincoln Credit Union commented, “We look forward to welcoming Williamsville State Bank’s customers and employees to LLCU and to improving access to our services throughout the greater Springfield area. Williamsville State Bank’s customers are now members of Land of Lincoln Credit Union with full access to our wide array of products and services.”
The acquisition is part of LLCU’s strategic growth plan, which includes adding branches and markets to better assist our members in Illinois.
Doeren Mayhew served as financial advisor and Luse Gorman, PC served as legal counsel to Land of Lincoln.
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Land of Lincoln Credit Union was founded in 1947. As a full-service financial institution, LLCU serves nearly 35,000 members. Membership in LLCU is open to anyone who lives or works in 28 Illinois counties and their immediate family members. Land of Lincoln Credit Union offers 15 convenient locations in 10 cities to best serve the needs of its membership. As a part of the CO-OP shared branching network, members also have access to over 5,000 branches and 30,000 ATM locations nationwide. For more information, visit us online at llcu.org.