Guaranty Bank & Trust in Milwaukee was shut down by federal regulators Friday, just a week after one of the costliest failures since the crisis.
The company will sell five branches in Wisconsin to an unnamed buyer. It also plans to close two locations.
Citizens will pay about $40 million in cash and stock for the $269 million-asset Wells in a deal set to close in the third quarter.
Johnson Bank in Racine, Wis., has hired the head of JPMorgan Chase’s Wisconsin-Minnesota market as its president.
First Business in Wis. to consolidate bank charters-
Advia Credit Union in Parchment, Mich., has agreed to buy Peoples Bank in Elkhorn, Wis.
