Chicago (Sept. 20, 2002) -- Top 100-ranked Crowe, Chizek & Co. has bolstered its presence in Illinois with the acquisition of R.V. Norene & Associates, a Glenview, Ill.-based financial advisory services firm.Crowe Chizek executives said the deal expands the firm's state and local government practice in Illinois and bolsters the service offerings of its two existing Chicago area offices. The firm, which specializes in municipal finance, will operate as a subsidiary of Crowe Chizek and will retain the name R.V. Norene & Associates. Founder and president Ronald V. Norene will maintain his role.

In the first six months of 2002, the two firms collectively served as independent financial advisors on 38 municipal bond and note transactions collectively totaling more than $1 billion.

"It's a good situation for both firms," said Norene. "We're really excited to be joining a highly respected firm like Crowe Chizek. Our client base will benefit from the integrated solutions we can deliver."

-- Electronic Accountant Newswire staff

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