Investor Relations
December 20, 2024
Special Announcement
We are pleased to announce that our Board has approved a
special dividend to close out 2024 of twelve and one-half cents per
share.
Also, we have some more exciting news. We are going to be
changing our name from Western Illinois Bancshares, Inc. to 1870
Holdings, Inc. The new name references the year of our original charter
as the National Bank of Monmouth and reflects our story as a growing
financial holding company. Please visit the
special announcement video here..
This name changes requires the approval of our shareholders and
for this purpose we will be holding a special shareholder meeting on
January 15, 2025. We are asking that you execute and return the
proxy statement prior to January 10, 2025.
We hope all of you have a joyous and peaceful holiday season.
Thank you for your continued support!
Gus & Chris
Other News:
June 11,
2024
Western Illinois
Bancshares, Inc. Expands Portfolio with Acquisition of Full-Service
Accounting Firm
Western Illinois Bancshares, Inc. (WIBI), a
diversified financial services holding company, is pleased to announce
they have entered into an agreement to purchase the prominent
full-service tax and accounting firm of Matthew S. Anderson, CPA. This
strategic acquisition marks another significant milestone in WIBI’s
growth and expansion strategy.
Matthew S. Anderson, CPA will operate as a
subsidiary of Western Illinois Bancshares, Inc. maintaining the firm’s
existing brand identity and leadership team. With over 35 years of
experience, Matthew Anderson has built a strong reputation in
providing comprehensive accounting, tax and consulting solutions to both
businesses and individuals.
“We are excited about the opportunities that lie
ahead," said Chris Gavin, President of Western Illinois Bancshares, Inc.
"This acquisition aligns seamlessly with our strategic vision of
expanding our footprint in the financial services sector. By
integrating Mr. Anderson’s expertise and capabilities, we can offer
customers an even more comprehensive suite of financial solutions
tailored to their unique needs.”
Matt and his wife, Kathleen, are lifelong Quad
Cities residents, graduates of Augustana College and currently reside in
Rock Island, Illinois where they enjoy spending time with their four
children and grandchildren. Matt joined the firm in 1998 and purchased
the practice in 2007.
“I am looking forward to partnering with the
Western Illinois Bancshares, Inc. team and continuing to provide a high
standard of service to current and new clients,” stated Matt Anderson.
With this acquisition, WIBI further diversifies its
offerings leveraging synergies across its existing companies which
include Midwest Bank, Midwest Bank Wealth Management and Porter-Hay
Insurance. By combining the strengths of each entity, WIBI aims to
deliver enhanced value to customers.
As always if you have an interest in selling or buying,
please contact Brooke Robinson (309-457-6284 / Brooke.Robinson@mbwi.com)
or Chris (309-457-6227 / Chris.Gavin@mbwi.com)
with the number of shares and the selling, or offering price.
Best Regards,
Gus & Chris
April 2024 Press Release
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