CIBM Bank Completes Sale of Danville Branch Retail Deposits

June 8, 2023

BROOKFIELD, Wis., June 08, 2023 (GLOBE NEWSWIRE) — CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH), the parent company of CIBM Bank, announced the closing of the previously announced sale of the retail deposits from the bank’s Danville, Illinois, branch. $23 million in retail deposits were sold for a gain of $1.5 million, net of conversion-related data processing costs.

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