Recent Acquisition McHenry Savings Bank was acquired by MSU Federal Credit Union in August 2023 for approximately $36-38 million, indicating a strategic consolidation in the regional banking sector which could open cross-selling and partnership opportunities.

Digital Banking Facilities The bank offers advanced digital banking tools including online and mobile banking, Zelle® for quick money transfers, and SecurLOCK card protection, presenting opportunities to promote new digital financial solutions and cybersecurity services.

Financial Profile With annual revenues between $10 million and $25 million and a funding amount of $35 million, McHenry Savings Bank is positioned as a mid-sized regional bank, making targeted financial services and technology upgrades an attractive proposition.

Market Position Operating with 51-200 employees, the bank is comparable to similar regional players, allowing sales efforts to emphasize tailored financial products and localized community banking solutions.

Strategic Growth Focus Recent asset sale and acquisition activities indicate a focus on strategic restructuring and growth, suggesting potential sales opportunities in consulting, technology upgrades, or expansion financing to support future growth initiatives.