Tri County Financial Group, Inc. entered into a definitive agreement to acquire Lincoln Bancorp, Inc. (Rochelle, IL) on February 4, 2013. Lincoln State Bank S.B. will merge its operations with Tri-County's affiliate, First State Bank. The Board of Directors of both Tri County Financial Group and Lincoln has unanimously approved the transaction. The transaction is subject to approval by the shareholders of Lincoln, the Federal Reserve Bank of Chicago, the Illinois Department of Financial and Professional Regulation and the FDIC. Lincoln reported about $50 million in assets. The transaction is expected to be completed during the second quarter of 2013. Thomas Mecredy of Vining-Sparks IBG LP acted as financial advisor and Donna Goelz of Howard & Howard Attorneys PC acted as legal advisor for Tri-County Financial.

Tri County Financial Group, Inc. completed the acquisition of Lincoln Bancorp, Inc. (Rochelle, IL) on June 21, 2013.