MOLINE, IL – SENB Bank is pleased to announce the acquisition of Gateway Community Bank in Roscoe, Illinois. With this acquisition SENB Bank will be continuing to operate the two banking centers located in Roscoe, IL and Beloit, WI in addition to the five banking centers located in the Quad Cities region. SENB Bank is a well-established community bank for over 55 years. Our commitment to our customers is to always provide a Smart. Easy. Notably Better banking experience.
In addition, SENB Bank will be introducing many new products and services to the Stateline area with the addition of SENB Bank’s Kasasa Checking suite of products. SENB Bank is excited to join the Stateline region and is committed to being a part of our new community.
Daniel P. Daly is the current President and CEO of SENB Bank. Allen Brewer will assume a new role with SENB Bank serving as Regional President for the Stateline Region of SENB Bank. “I am very excited to join the SENB Bank team. After careful consideration of what was best for our customers, bank team and the communities we serve, we believe that our decision to become a part of SENB Bank is the best path forward for our organization. We are confident that SENB Bank will continue to provide the high-quality banking services that our customers have come to expect from us.”
According to Daniel P. Daly “SENB Bank works hard to meet the financial needs of the communities we serve, and we support a wide variety of organizations with leadership, donations, and volunteers. We have now partnered with a strong banking organization, operating in a market area similar to the Quad Cities region, that has the same philosophy about the community they serve.”
Gateway Community Bank will now assume the name of SENB Bank.
About SENB Bank
SENB Bank is headquartered in Moline, Illinois. SENB Bank has proudly been serving the Quad Cities and neighboring communities since forming in 1961 and has grown to $219 million in assets with five banking centers. We believe that a local bank must earn the right to call itself a community bank. We work hard to meet the financial needs of the communities we serve, and we support a wide variety of organizations with leadership, donations, and volunteers. Recently, SENB Bank was recognized as the Quad Cities’ Reader’s Choice as Best Bank in the Quad Cities.