2020 Changes in Bank Structure

​​The report below provides a list of acquisitions, mergers, branch changes, name changes, charter conversions, main office relocations, new bank charters, charter cancellations, and Universal Bank certifications completed in 2020.

Bank Structure Changes as of January 31, 2020

Branch Closing

  • Westbury Bank, West Bend, Wisconsin, closed its branch at 810 Cardinal Lane, Suite 210, Hartland, Wisconsin, effective January 17, 2020.

Branch Established

  • River Bank, Stoddard, Wisconsin, established branches at 124 W. Oak Street, Sparta, Wisconsin, 1103 West Wisconsin Street, Sparta, Wisconsin, and 1301 Superior Avenue, Tomah, Wisconsin, the former main office and branch locations of Union Bank of Sparta, effective January 1, 2020.
  • Laona State Bank, Laona, Wisconsin, established a branch at 17953 State Highway 32, Townsend, Wisconsin, effective January 8, 2020.
  • Ixonia Bank, Ixonia, Wisconsin, established a branch at 611 East Wisconsin Avenue, Milwaukee, Wisconsin, effective January 21, 2020.

Charter Cancellation

  • The charter of NBW Bank, Waupun, Wisconsin, was cancelled, following the merger of NBW Bank with and into National Exchange Bank and Trust, Fond du Lac, Wisconsin, effective at the end of business on January 24, 2020.

Main Office Relocation

  • Westbury Bank, West Bend, Wisconsin, relocated its main office from 200 South Main Street, West Bend, Wisconsin, to N16 W23250 Stone Ridge Drive, Pewaukee, Wisconsin, with the West Bend, Wisconsin location becoming a branch, effective January 20, 2020.

Merger and Charter Cancellation

  • River Bank, Stoddard, Wisconsin, merged with Union Bank of Sparta, Sparta, Wisconsin, under the charter of River Bank, with the charter of Union Bank of Sparta being cancelled, effective January 1, 2020.

Bank Structure Changes as of February 29, 2020

Branch Closing

  • Waukesha State Bank, Waukesha, Wisconsin, closed its branches at 1805 Kensington Drive, Waukesha, Wisconsin, and 700 Quinlan Drive, Pewaukee, Wisconsin, effective February 14, 2020.
  • The Park Bank, Madison, Wisconsin, closed its branch at 2910 Crossroads Drive, Madison, Wisconsin, effective February 25, 2020.

Branch Established

  • Denmark State Bank, Denmark, Wisconsin, established a branch at 2040 Kohler Memorial Drive, Sheboygan, Wisconsin, effective February 13, 2020.
  • First State Bank, New London, Wisconsin, established branches at 5758 Main Street, Auburndale, Wisconsin, 106 South Main Street, Greenwood, Wisconsin, 1700 North Central Avenue, Marshfield, Wisconsin, 206420 County Road M, Stratford, Wisconsin, 31 Park Ridge Drive, Stevens Point, Wisconsin, 1710 W Grand Avenue, Wisconsin Rapids, Wisconsin, and N14570 County Road O, Withee, Wisconsin, the former main office and branch locations of Pioneer Bank, Auburndale, Wisconsin, effective February 22, 2020.

Loan Production Office Established

  • First Bank Financial Centre, Oconomowoc, Wisconsin, established a loan production office at 7001 30th Avenue, Suite #8, Kenosha, Wisconsin, effective February 24, 2020.

Merger and Charter Cancellation

  • First State Bank, New London, Wisconsin, merged with Pioneer Bank, Auburndale, Wisconsin, with the charter of Pioneer Bank being cancelled, effective February 22, 2020.

Bank Structure Changes as of March 31, 2020

Acquisition by Bank Holding Company

  • First Midwest Bancorp, Inc., Chicago, Illinois, acquired Bankmanagers Corp., Milwaukee, Wisconsin, effective March 13, 2020.
  • Bosshard Financial Group, La Crosse, Wisconsin, acquired Northern Bankshares, Inc., McFarland, Wisconsin, effective March 13, 2020.

Branch Closing

  • The Greenwood’s State Bank, Lake Mills, Wisconsin, closed its branch at 238 North Main Street, Monticello, Wisconsin, effective March 17, 2020.
  • Waukesha State Bank, Waukesha, Wisconsin, closed its branch at 2501 Summit Avenue, Waukesha, Wisconsin, effective March 23, 2020.
  • Waukesha State Bank, Waukesha, Wisconsin, closed its branch at 1800 Kensington Drive, Waukesha, Wisconsin, effective March 23, 2020.

Branch Established

  • Bank of Brodhead, Brodhead, Wisconsin, established a branch at 303 Spring Street, Orfordville, Wisconsin, the former main office of Farmers & Merchants Bank of Orfordville, Orfordville, Wisconsin, effective March 6, 2020.
  • Peoples State Bank, Wausau, Wisconsin, established a branch at 10725 West National Avenue, West Allis, Wisconsin, effective March 11, 2020.

Loan Production Office Established

  • Forte Bank, Hartford, Wisconsin, established a loan production office at 11801 W. Silver Spring Drive, Suite 101, Milwaukee, Wisconsin, effective March 9, 2020.

Merger and Charter Cancellation

  • Bank of Brodhead, Brodhead, Wisconsin, merged with Farmers & Merchants Bank of Orfordville, Orfordville, Wisconsin, with the charter of Farmers & Merchants Bank of Orfordville being cancelled, effective March 6, 2020.

Bank Structure Changes as of April 30, 2020

Branch Established

  • Oregon Community Bank, Oregon, Wisconsin, established branches at 5990 Highway 51, McFarland, Wisconsin, 8215 Greenway Blvd., Middleton, Wisconsin, 205 E. Washington Street, Stoughton, Wisconsin, 2401 Jackson Street, Stoughton, Wisconsin, and 2580 Ironwood Drive, Sun Prairie, Wisconsin, the former main office and branch locations of McFarland State Bank, McFarland, Wisconsin, effective at the close of business April 30, 2020.

Merger and Charter Cancellation

  • Oregon Community Bank, Oregon, Wisconsin, merged with McFarland State Bank, McFarland, Wisconsin, with the charter of McFarland State Bank being cancelled, effective at the close of business April 30, 2020.

Bank Structure Changes as of May 31, 2020

Acquisition by Bank Holding Company

  • Bank First Corporation, Manitowoc, Wisconsin, acquired Tomah Bancshares, Inc., Tomah, Wisconsin, effective May 15, 2020.

Branch Established

  • Unity Bank, Augusta, Wisconsin, established a branch at 213 First Street West, Polson, Montana, following the purchase of substantially all the assets and assumption of deposit liabilities of First Citizens Bank of Polson, Polson, Montana, effective May 15, 2020.
  • Community First Bank, Boscobel, Wisconsin, established a branch at 600 E. Blackhawk Avenue, Prairie du Chien, Wisconsin, effective May 26, 2020.

Change in Name

  • First Bank Financial Centre, Oconomowoc, Wisconsin, changed its name to Bank Five Nine, effective May 4, 2020.

Charter Cancellation

  • The charter of Timberwood Bank, Tomah, Wisconsin, was cancelled, following the merger of Timberwood Bank with and into Bank First, N.A., Manitowoc, Wisconsin, effective May 15, 2020.

Loan Production Office Closing

  • Great North Bank, Florence, Wisconsin, closed its loan production office at 220 West Washington, Suite 430, Marquette, Michigan, effective May 31, 2020.
  • Great North Bank, Florence, Wisconsin, closed its loan production office at 1045 N. Lynndale Drive, Suite 2B, Appleton, Wisconsin, effective May 31, 2020.
  • First Business Bank, Madison, Wisconsin, closed its loan production office at 500 3rd Avenue, Wausau, Wisconsin, effective May 31, 2020.

Loan Production Office Established

  • First Business Bank, Madison, Wisconsin, established a loan production office at 9465 Counselors Row, Indianapolis, Indiana, effective May 1, 2020.

Bank Structure Changes as of June 30, 2020

Branch Established

  • Community State Bank, Union Grove, Wisconsin, established a branch at 8304 75th Street, Kenosha, Wisconsin, effective June 2, 2020.

Change in Name

  • Greenleaf Wayside Bank, Greenleaf, Wisconsin, changed its name to GreenLeaf Bank, effective June 15, 2020.

Charter Cancellation

  • The charter of Park Bank, Milwaukee, Wisconsin, was cancelled, following the merger of Park Bank with and into First Midwest Bank, Chicago, Illinois, effective at the close of business on June 12, 2020.

Loan Production Office Established

  • Bank Five Nine, Oconomowoc, Wisconsin, established a loan production office at 118 Homestead Drive #5, New Richmond, Wisconsin, effective June 1, 2020.
  • Bank Five Nine, Oconomowoc, Wisconsin, established a loan production office at 6525 W. Bluemound Road, Milwaukee, Wisconsin, effective June 1, 2020.

Bank Structure Changes as of July 31, 2020

Branch Established

  • Fortifi Bank, Berlin, Wisconsin, established a branch at 1092 W. Fond du Lac Avenue, Ripon, Wisconsin, effective July 1, 2020.

Bank Structure Changes as of August 31, 2020

Acquisition by Bank Holding Company

  • Waumandee Bancshares, Ltd., Waumandee, Wisconsin, acquired Union Bank of Blair, Blair, Wisconsin, effective at the close of business, August 7, 2020.
  • Nicolet Bankshares, Inc., Green Bay, Wisconsin, acquired Advantage Community Bancshares, Inc., Wausau, Wisconsin, effective August 21, 2020.

Branch Closing

  • Bank of Luxemburg, Luxemburg, Wisconsin, closed its branch at 602 Center Drive, Luxemburg, Wisconsin, effective August 11, 2020.

Branch Established

  • Waumandee State Bank, Waumandee, Wisconsin, established branches at 123 S Urberg Avenue, Blair, Wisconsin, and 36427 Main Street, Whitehall, Wisconsin, the former main office and branch location of Union Bank of Blair, Blair, Wisconsin, effective August 7, 2020.

Branch Relocation

  • State Bank of Chilton, Chilton, Wisconsin, relocated its branch from 7155 North 76th Street, Milwaukee, Wisconsin, to 14040 West Capital Drive, Brookfield, Wisconsin, effective August 10, 2020.

Charter Cancellation

  • The charter of Advantage Community Bank, Dorchester, Wisconsin, was cancelled, followingthe merger of Advantage Community Bank with and into Nicolet National Bank, Green Bay, Wisconsin, effective August 21, 2020.

Loan Production Office Reloaction

  • Bank Five Nine, Oconomowoc, Wisconsin, relocated its loan production office from 2001 W. Beltline Highway, Madison, Wisconsin, to 5315 Wall Street, Suite 200, Madison, Wisconsin, effective August 1, 2020.

Merger and Charter Cancellation

  • Waumandee State Bank, Waumandee, Wisconsin, merged with Union Bank of Blair, Blair, Wisconsin, with the charter of Union Bank of Blair being cancelled, effective at the close of business, August 7, 2020.

Bank Structure Changes as of September 30, 2020

Branch Established

  • Bank of Ontario, Ontario, Wisconsin, established a branch at 100 N. Main Street, Westby, Wisconsin, effective September 22, 2020.  

Change in Name

  • Oregon Community Bank, Oregon, Wisconsin, changed its name to One Community Bank, effective September 18, 2020.

Bank Structure Changes as of October 31, 2020

Branch Established

  • WaterStone Bank, SSB, Wauwatosa, Wisconsin, established a branch at 6801 West Oklahoma Avenue, Milwaukee, Wisconsin, effective October 19, 2020.

Charter Cancellation

  • The charter of Peoples Bank Midwest, Hayward, Wisconsin, was cancelled, following the merger of Peoples Bank Midwest with and into Frandsen Bank & Trust, Lonsdale, Minnesota, effective October 17, 2020.

Bank Structure Changes as of November 30, 2020

Acquisition by Bank Holding Company

  • Security Financial Services Corporation, Durand, Wisconsin, acquired Jackson County Bank, Black River Falls, Wisconsin, effective November 16, 2020.

Branch Closing

  • Johnson Bank, Racine, Wisconsin, closed its branches at 455 Riverdale Drive, Green Bay, Wisconsin, 1309 N. Wright Road, Janesville, Wisconsin, 2729 18th Street, Kenosha, Wisconsin, 1525 Howe Street, Racine, Wisconsin, 6520 Northwestern Avenue, Racine, Wisconsin, and 8311 16th Street, Sturtevant, Wisconsin, effective November 13, 2020.
  • Home Savings Bank, Madison, Wisconsin, closed its branch at 400 W. Main Street, Stoughton, Wisconsin, effective November 27, 2020.

Branch Established

  • River Bank, Stoddard, Wisconsin, established a branch at 204 Leonard Street N., West Salem, Wisconsin, effective November 9, 2020.

Loan Production Office Closing

  • WaterStone Bank SSB, Wauwatosa, Wisconsin, closed its loan production office at 333 Washington Avenue N., Suite 300, Minneapolis, Minnesota, effective November 27, 2020.

Bank Structure Changes as of December 31, 2020

Branch Acquired and Established

  • Royal Bank, Elroy, Wisconsin, established branches at 700 East Blackhawk Avenue, Prairie du Chien, Wisconsin, and 101 East Court Street, Richland Center, Wisconsin, formerly branches of Associated Bank, NA, Green Bay, Wisconsin, effective December 12, 2020.
  • Charter Bank, Eau Claire, Wisconsin, established a branch at 621 2nd Street, Chetek, Wisconsin, formerly a branch of Bank First, NA, Manitowoc, Wisconsin, effective December 14, 2020.

Branch Closing

  • Johnson Bank, Racine, Wisconsin, closed its branches at 8700 N. Gainey Center Drive, Suite 100, Scottsdale, Arizona, 8700 E. Pinnacle Road, Scottsdale, Arizona, 3131 E. Camelback Road, Suite 100, Phoenix, Arizona, and 32621 N. Scottsdale Road, Scottsdale, Arizona, effective December 4, 2020.
  • Wisconsin Bank & Trust, Madison, Wisconsin, closed its branch at 4131 West Loomis Road, Greenfield, Wisconsin, effective December 18, 2020.

Voluntary Liquidation and Charter Cancellation

  • Mitchell Bank, Milwaukee, Wisconsin, filed notice with this Division that it will voluntarily liquidate and dissolve following the acquisition of substantially all assets and assumption of deposit liabilities by First Federal Bank of Wisconsin, Waukesha, Wisconsin, with the transaction and charter cancellation effective at the end of business December 31, 2020.


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