LincolnWay Acquisition Key Dates

Key dates to remember for CoVantage's acquisition of LincolnWay Community Bank.

Key Acquisition Dates

Date

Event

Late-November 2022
  • Account information for your new account arrives via mail.

Mid-December 2022

  • New CoVantage debit cards arrive via mail.
Thursday, December 29, 2022
  • Final day customers can use LincolnWay’s digital banking, including bill pay.
  • Final day external and internal transfers will be processed.
Friday, December 30, 2022
  • LincolnWay digital banking moved to read-only mode after 5 pm. Customers are encouraged to download a copy of e-statements and bill pay payees.
Saturday, December 31, 2022
  • Date of computer conversion.
  • Mokena and New Lenox branches will be closed.
Sunday, January 1, 2023
  • First day for customers to activate and use CoVantage debit cards.
Monday, January 2, 2023
  • All CoVantage locations are closed to observe New Year’s Day, a federal holiday.
Tuesday, January 3, 2023
  • Offices are open as CoVantage.
  • LincolnWay debit cards can be used until 10 pm and then will be deactivated.
  • LincolnWay digital banking no longer available; customers can now enroll and access MyCoVantage digital banking beginning at 8 am.
  • Customers can order new CoVantage checks and begin using them.
Early-January 2023
  • All customers will get a mailed copy of their final LincolnWay statement.
Wednesday, March 1, 2023
  • Final day to use old LincolnWay checks.
  • Deadline to switch automatic payments/deposits over to new CoVantage account number and routing number.

Some dates subject to change.


Acquistion Resources

FAQs

 

Questions and answers regarding CoVantage's Acquisition of LincolnWay Community Bank.

Information

 

Learn more about CoVantage's agreement to purchase LincolnWay Community Bank.

News & Documents

 

News and documents about CoVantage's acquisition of LincolnWay Community Bank.