New Chapter in Banking: CBI Bank & Trust Completes Seamless Merger with Former Southeast National Bank Locations in Moline

CBI Bank and Trust, located in Muscatine, recently completed technology updates at former Southeast National Bank (SENB) locations in Moline. Central Bancshares Inc., the parent company of CBI, acquired McLaughlin Holding Company, the parent company of SENB, in October 2023. As a result, SENB was merged into CBI, with all client accounts now part of CBI Bank & Trust’s computer systems and operations.

The technology update, which took place over the weekend, marked the successful completion of a plan that had been put in motion for months. Bob Howard, the regional president of CBI Bank & Trust, expressed satisfaction with the seamless process and welcomed clients in the Quad-Cities and stateline areas to the bank. The smooth transition was a result of months of planning, coordination, and hard work by many talented individuals within the organization.

Former SENB Bank clients can now benefit from banking at 24 locations and access to a broader range of services including wealth management, investments and treasury cash management services. With CBI and F&M Bank based in Galesburg Illinois collectively serving approximately 50 thousand consumers and businesses through their branches in Iowa Illinois and Wisconsin. The total bank assets now exceed $1.5 billion making CBI bank & trust one of largest locally based banks in region placing it among top 10-15% of Iowa banks. Moreover bank’s Trust and Investment divisions manage over $1.4 billion in client assets.