Bank's parent company delays shareholders' meeting

CHAMPAIGN – Central Illinois Bank's parent company notified shareholders Monday that it won't be able to hold an annual shareholders' meeting until at least April.

In a letter to shareholders, CIB Marine Bancshares President John P. Hickey Jr. said the company previously stated it would hold the meeting in "early 2008." But he said he doesn't expect several quarterly reports from 2003 and 2007 – or the audit of financial statements for 2007 – to be ready until late in the first quarter of 2008.

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