NSTS Bancorp Acquired by Brookfield Bancshares | Financial Services M&A Deal

Brookfield Bancshares has agreed to acquire NSTS Bancorp, a banking business in Illinois, for $73.7 million. Brookfield Bancshares acquisitions expand its footprint through First National Bank of Brookfield and add NSTS Bancorp’s North Shore Trust and Savings operations, with North Shore continuing under its existing name and federal savings association charter in Waukegan, Illinois. NSTS Bancorp acquisition supports financial services M&A by increasing branch presence across the Chicago-Naperville-Elgin MSA and strengthening assets, with Brookfield’s banking subsidiaries expected to total over $600 million in assets. The merger acquisition is an all-cash strategic acquisition, with NSTS stockholders receiving about $14.28 per share, and is anticipated to close in Q4 2026 subject to regulatory approvals and stockholder approval.