February 28, 2015 7:50 PM ET

Thrifts and Mortgage Finance

Company Overview of CFS Bancorp Inc.

Company Overview

As of November 12, 2013, CFS Bancorp, Inc. was acquired by First Merchants Corporation. CFS Bancorp, Inc. operates as the holding company for Citizens Financial Bank that provides various banking products and services. The company offers various deposit products, including checking accounts, money market accounts, savings accounts, and certificates of deposit. Its commercial loan portfolio comprises commercial real estate loans, construction and land development loans, and commercial and industrial loans; and retail loan portfolio includes one-to-four family residential loans, home equity loans, home equity lines of credit, construction and lot loans, auto loans, and other consumer loans. Th...

707 Ridge Road

Munster, IN 46321

United States

Founded in 1934

261 Employees



Key Executives for CFS Bancorp Inc.

CFS Bancorp Inc. does not have any Key Executives recorded.

CFS Bancorp Inc. Key Developments

CFS Bancorp Inc.(NasdaqGM:CITZ) dropped from NASDAQ Composite Index

CFS Bancorp Inc. will be removed from NASDAQ Composite Index.

CFS Bancorp Inc. Declares Quarterly Cash Dividend Payable on October 29, 2013

CFS Bancorp Inc. announced that on September 30, 2013, the Board of Directors declared a quarterly cash dividend of $0.01 per share payable on October 29, 2013 to shareholders of record as of October 11, 2013. This dividend is unchanged from the prior quarter's dividend.

Levi & Korsinsky LLP Files Class Action Lawsuit Against the Board of CFS Bancorp, Inc

Levi & Korsinsky LLP has filed a class action lawsuit in the United States District Court for the Northern District of Indiana, Hammond Division (Civil Action No. 2:13-cv-00261) on behalf of all current stockholders of CFS Bancorp Inc. in connection with the proposed sale of the company to First Merchants Corporation. The complaint alleges, among other things, that CFS Bancorp and the members of its board of directors violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and Rule 14a-9, as promulgated by the U.S. Securities and Exchange Commission. More specifically, the complaint alleges that the defendants have filed proxy solicitation materials with the SEC that misrepresent or omit material information regarding First Merchants Corporation's proposed acquisition of CFS Bancorp.

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