Inland Bancorp Holding Company has accumulated assets of more than $1 billion with its latest acquisition, that of AmeriMark Financial Corp. in Villa Park.
The acquisition added approximately $270 million in assets to Inland. The holding company will retain AmeriMark’s management staff and add its two full-service banks in Glen Ellyn and Villa Park to its numerous retail locations.
“Inland Bancorp’s strategy has always been to provide first-class banking services with a focus on the real estate expertise for which we’re recognized,” said Howard Jaffe, President and Chief Operating Officer of Inland Bancorp. “Our growth through the acquisition of AmeriMark Bank allows us to further that goal by broadening our market coverage, raising our lending limits and providing more banking locations.”
The holding company has acquired and created several companies since 2001.
Currently, the Inland Bancorp name severs as an umbrella company for seven lending companies, ranging from Inland SBA Management Corporation, a small business lender, to Inland High Leverage Capital Corporation, which specializes in high debt commercial real estate loans.
While Inland’s main focus is real estate lending, the acquisition of AmeriMark will allow Inland to enhance its community banking services.
“AmeriMark Bank is a welcome addition to Inland Bancorp,” said Dan Goodwin, Chairman and Chief Executive Officer of Inland Bancorp Holding Company. “Retaining AmeriMark’s experienced management team will ensure all Inland Bancorp’s customers will continue to receive quality service with a community banking focus.”