Superior Choice Credit Union in Superior, Wis., will purchase Dairyland State Bank. It is the second deal announced this year where a credit union plans to buy a bank.
The Fed approved an application giving Natcom Bancshares indirect control over Republic Bank, refusing to take into account claims the transaction imperils the target's S corporation status.
Bank Mutual was still in talks to buy a bank roughly its own size when it began exploring a sale. The move allowed Bank Mutual to quickly find a buyer after its planned acquisition fell through.
Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states.
Bank First has agreed to pay $76 million in cash and stock for Waupaca Bancorp. The company should have nearly $1.8 billion in assets when it completes the deal.
