Approval of proposal by Premier Commerce Bancorp, Inc. to become a bank holding company

The following press release was published by the Board of Governors of the Federal Reserve System on July 1, 2010. It is reproduced in full below.

The Federal Reserve Board on Thursday announced its approval of the proposal by Premier Commerce Bancorp, Inc., Palos Hills, Illinois, to acquire G.R. Bancorp, Ltd. and its subsidiary bank, The First National Bank of Grand Ridge, both of Grand Ridge, Illinois.

Attached is the Board's Order relating to this action.

Source: Board of Governors of the Federal Reserve System