Morton Community Bank & David Vaughan Investments Establish New Partnership
Two successful financial institutions, Morton Community Bank and David Vaughan Investments (DVI), are forming a new partnership to redefine and deliver modern trust and advisory services to current clients and to future generations.
• Morton Community Bank will purchase a majority interest in DVI, effective early October 2017. DVI senior partners will continue on as shareholders and executive officers of DVI and will also acquire share ownership in Hometown Community Bancorp, Morton Community Bank’s parent company.
• Each company will continue working as distinct but complementary businesses, now offering collaborative resources and expertise.
• The partnership will result in one of the largest privately held bank and investment advisory firms based in Illinois, with $6 billion in combined assets.
“This is not your traditional financial merger,” said Will Williams, DVI’s President and CEO. “This is a unique partnership between two like-minded organizations who share an enduring commitment to both independent ownership and the financial well-being of our clients.”
This announcement also signals a promise to remain loyal to the Greater Peoria area. DVI and Morton Community Bank are deeply engrained in Central Illinois and believe this new partnership will help recruit the brightest finance and investment talent to the area.
Through personal commitment to their clients’ goals, both financial institutions have quietly established themselves as leaders in their respective fields. Now, they will leverage their histories to create a partnership built to last.
To learn more, please visit DVIandMCB.com.
About Morton Community Bank
Morton Community Bank is one of the largest, most successful independently owned community banks in the state of Illinois with assets of nearly $3.5 billion, serving clients throughout Central Illinois through 37 banking locations. With 450 employee owners, Morton Community Bank is proud to be an ESOP company. For more information, visit hometownbanks.com.
About David Vaughan InvestmentsDVI is an independent privately owned investment advisory firm with locations in Peoria, Illinois, and Winter Park, Florida. As of March 31, 2017, DVI has assets under advisement of $2.6 billion. For nearly 40 years, DVI has provided superior asset management services and wealth management solutions to high-net-worth individual and institutional investors. DVI employs a “Quiet Quality” approach to investment management: people of integrity, acting in their clients’ best interests, helping them plan for the future, allowing them to protect what they have worked so hard to attain and prosper today and for generations to come. For more information, visit dviinc.com.