Land of Lincoln Credit Union to acquire Williamsville State Bank and Trust

Decatur, IL and Williamsville, IL, August 29, 2025 – Land of Lincoln Credit Union (“Land of Lincoln”) of Decatur, IL and Williamsville State Bank and Trust (“Williamsville”) of Williamsville, IL and wholly-owned subsidiary of WSB Financial, Ltd., jointly announced today that they have entered into a definitive agreement whereby Land of Lincoln will purchase substantially all of the assets and liabilities of Williamsville in an all-cash transaction.

While the agreement is contingent on obtaining regulatory and WSB Financial, Ltd. stockholder approvals, the proposed transaction has been unanimously approved by the boards of directors of both institutions. The transaction is expected to close in the first half of 2026. Following the completion of the transaction, Williamsville will liquidate and distribute its remaining assets to its stockholders. When the purchase is complete, Land of Lincoln will have $576 million in assets and further grow its footprint in Sangamon County by adding an additional branch in Springfield as well as a branch in Sherman, and Williamsville, IL. Total number of LLCU branches will be 18.

Robert Ares, President & CEO of Land of Lincoln stated, “The acquisition is part of Land of Lincoln’s strategic growth plan, which includes adding branches to better assist our members in Illinois. We are excited for the opportunity to partner with Williamsville and to improve access to our services in Sangamon County and other contiguous market areas. Williamsville is a well-managed bank, and we look forward to welcoming their customers and employees into our family.”

Catherine Gonzalez, President and Chief Executive Officer of Williamsville commented, “We are excited about our new partnership with Land of Lincoln. Like Williamsville, Land of Lincoln is a community-focused institution, and the combined resources of the combined institution will ensure that our customers, employees and communities have expanded financial services and membership benefits going forward.”

Luse Gorman, PC is serving as legal counsel to Land of Lincoln Credit and Doeren Mayhew Advisors, LLC is serving as financial advisor to Land of Lincoln Credit Union. Howard & Howard is serving as legal counsel to Williamsville State Bank & Trust and WSB Financial, Ltd. and Olsen Palmer LLC is serving as financial advisor to Williamsville State Bank & Trust and WSB Financial, Ltd.