2021 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 2021.

Bank Structure Changes as of January 31, 2021

Branch Established

  • Bay Bank, Ashwaubenon, Wisconsin, established a branch at W201 Highway 47-55, Keshena, Wisconsin, effective January 6, 2021.
  • Waukesha State Bank, Waukesha, Wisconsin, established a branch at N38 W15424 Appleton Avenue, Menomonee Falls, Wisconsin, effective January 11, 2021.​
Branch Relocation
  • Unity Bank, Augusta, Wisconsin, relocated its branch from 209 Garfield Avenue, Mentor, Minnesota, to 47 County Road 113 N, Mentor, Minnesota, effective January 29, 2021.

Change in Name

  • Union State Bank of West Salem, West Salem, Wisconsin, changed its name to Union State Bank, effective January 29, 2021.

Bank Structure Changes as of February 28, 2021

  • No Structure Changes

Bank Structure Changes as of March 31, 2021

Branch Closing

  • Fortifi Bank, Berlin, Wisconsin, closed its branch at 356 S. Pioneer Road, Westfield, Wisconsin, effective March 12, 2021.

Branch Established

  • Forward Bank, Marshfield, Wisconsin, temporarily established a branch at 204 Mueller Street, Athens, Wisconsin, effective March 8, 2021.
  • Shell Lake State Bank, Shell Lake, Wisconsin, converted its loan production office at 15818 Railroad Street, Hayward, Wisconsin, to a branch office, effective March 8, 2021.
  • Woodford State Bank, Monroe, Wisconsin, established a branch at 618 State Road 69, New Glarus, Wisconsin, effective March 15, 2021.

Branch Relocation

  • Bluff View Bank, Galesville, Wisconsin, relocated its branch from 2200 Staphorst Lane, Holmen, Wisconsin, to 1749 Spakenburg Road, Holmen, Wisconsin, effective March 1, 2021.

Bank Structure Changes as of April 30, 2021

Acquisition by Bank Holding Company

  • PSB Holdings, Inc., Wausau, Wisconsin, acquired Waukesha Bankshares, Inc., Waukesha, Wisconsin, effective April 15, 2021.

Branch Acquired and Established

  • The Greenwood’s State Bank, Lake Mills, Wisconsin, established branches at 102 West Main Street, Albany, Wisconsin, 15815 Highway 81, Darlington, Wisconsin, and 101 7-1/2 Street, Monroe, Wisconsin, formerly branches of Town Bank, NA, Hartland, Wisconsin, effective April 24, 2021.

Branch Closing

  • Waukesha State Bank, Waukesha, Wisconsin, closed its branch at 222 Park Place, Waukesha, Wisconsin, effective April 7, 2021.
  • One Community Bank, Oregon, Wisconsin, closed its branch at 101 S. Alpine Parkway, Oregon, Wisconsin, effective April 10, 2021.

Branch Established

  • Fortifi Bank, Berlin, Wisconsin, established a branch at 240 Broadway Street, Berlin, Wisconsin, effective April 12, 2021.

Loan Production Office Closing

  • State Bank of Cross Plains, Cross Plains, Wisconsin, closed its loan production office at 2418 Crossroads Drive, Madison, Wisconsin, effective April 30, 2021.

Main Office Relocation

  • Bank of Cashton, Cashton, Wisconsin, relocated its main office from 723 Main Street, Cashton, Wisconsin, to 724 Front Street, Cashton, Wisconsin, effective April 12, 2021.

Mutual to Stock Conversion under Mutual Holding Company Structure

  • Marathon Bank, Wausau, Wisconsin, converted from a mutual savings bank to a stock savings bank under a mutual holding company structure resulting in the formation of Marathon MHC (mutual holding company), Wausau, Wisconsin, and Marathon Bancorp, Inc. (stock holding company), Wausau, Wisconsin, effective April 14, 2021.

Bank Structure Changes as of May 31, 2021

Branch Closing

  • Westbury Bank, Pewaukee, Wisconsin, closed its branch at 551 West Main Street, Madison, Wisconsin, effective May 1, 2021.
  • Westbury Bank, Pewaukee, Wisconsin, closed its branch at 1900 S. 18th Avenue, West Bend, Wisconsin, effective May 1, 2021.
  • Jackson County Bank, Black River Falls, Wisconsin, closed its branch at 101 N. Main Street, Merillan, Wisconsin, effective May 21, 2021.
  • Jackson County Bank, Black River Falls, Wisconsin, closed its branch at 211 Second Street, Taylor, Wisconsin, effective May 21, 2021.
  • Jackson County Bank, Black River Falls, Wisconsin, closed its branch at 130 E. Main Street, Hixton, Wisconsin, effective May 21, 2021.

Branch Established

  • Bank of Luxemburg, Luxemburg, Wisconsin, established a branch at 9331 Spring Road, Unit 20, Fish Creek, Wisconsin, effective May 3, 2021.

Loan Production Office Closing

  • Johnson Bank, Racine, Wisconsin, closed its loan production office at 1446 116th Street, Chippewa Falls, Wisconsin, effective May 7, 2021.

Bank Structure Changes as of June 30, 2021

Branch Closing

  • Northern State Bank, Ashland, Wisconsin, closed its branch at 401 Ellis Avenue, Ashland, Wisconsin, effective June 22, 2021.
  • Johnson Bank, Racine, Wisconsin, closed its branch at 340 S. Main Street, Rice Lake, Wisconsin, effective June 25, 2021.
  • Waukesha State Bank, Waukesha, Wisconsin, closed its branch at 1111 Delafield Street, Waukesha, Wisconsin, effective June 30, 2021.

Branch Established

  • Oakwood Bank, Pigeon Falls, Wisconsin, established a branch at 140 Main Street, Rollingstone, Minnesota, effective June 1, 2021.
  • Peoples State Bank, Wausau, Wisconsin, established a branch at 521 Sunset Drive, Waukesha, Wisconsin, the former main office of Sunset Bank & Savings, effective June 12, 2021.

Conversion to State Charter

  • Fox Valley Savings Bank, Fond du Lac, Wisconsin, converted from a federally chartered savings bank to a state chartered savings bank, effective at the close of business June 23, 2021.

Loan Production Office Established

  • Collins State Bank, Collins, Wisconsin, established a loan production office at N78 W14651 Appleton Avenue, Menomonee Falls, Wisconsin, effective June 4, 2021.

Merger and Charter Cancellation

  • Peoples State Bank, Wausau, Wisconsin, merged with Sunset Bank & Savings, Waukesha, Wisconsin, with the charter of Sunset Bank & Savings being cancelled, effective 12:01 AM, June 12, 2021.

Bank Structure Changes as of July 31, 2021

Branch Closing

  • Peoples State Bank, Wausau, Wisconsin, closed its branch at 2500 N. Grandview Boulevard, Waukesha, Wisconsin, effective July 30, 2021.

Branch Established

  • Community First Bank, Boscobel, Wisconsin, established a branch at 305 South Madison Street, Lancaster, Wisconsin, effective July 9, 2021.

Loan Production Office Established

  • Union State Bank, West Salem, Wisconsin, established a loan production office at 445 N. Water Street, Black River Falls, Wisconsin, effective July 30, 2021.

Bank Structure Changes as of August 31, 2021

Branch Closing

  • The Park Bank, Madison, Wisconsin, closed its branch at 2693 Research Park Drive, Fitchburg, Wisconsin, effective August 24, 2021.

Branch Established

  • Security Financial Bank, Durand, Wisconsin, established branches at 8 Main Street, Black River Falls, Wisconsin, 616 Highway 54 East, Black River Falls, Wisconsin, and 141 West Main Street, Alma Center, Wisconsin, the former main office and branch locations of Jackson County Bank, effective August 20, 2021.

Branch Relocation

  • Mound City Bank, Platteville, Wisconsin, relocated its branch from 640 Dodge Street, Mineral Point, Wisconsin, to 615 Dodge Street, Mineral Point, Wisconsin.

Loan Production Office Relocation

  • First Business Bank, Madison, Wisconsin, relocated its loan production office from 9465 Counselors Row, Indianapolis, Indiana, to 3850 Priority Way South, Indianapolis, Indiana, effective August 1, 2021.

Merger and Charter Cancellation

  • Security Financial Bank, Durand, Wisconsin, merged with Jackson County Bank, Black River Falls, Wisconsin, with the charter of Jackson County Bank being cancelled, effective at the close of business, August 20, 2021.

Bank Structure Changes as of September 30, 2021

Acquisition by Bank Holding Company

  • Community Capital Bancorp, Inc., Menomonee Falls, Wisconsin, acquired Collins Bankcorp, Inc., Collins, Wisconsin, and indirectly acquired Collins State Bank, Collins, Wisconsin, effective September 15, 2021.

Branch Closing

  • Denmark State Bank, Denmark, Wisconsin, closed its branch at 2040 Kohler Memorial Drive, Sheboygan, Wisconsin, effective September 2, 2021.

Loan Production Office Established

  • Bristol Morgan Bank, Oakfield, Wisconsin, established a loan production office at 2212 Omro Road, Oshkosh, Wisconsin, effective September 23, 2021.

Bank Structure Changes as of October 31, 2021

Branch Closing

  • Blackhawk Bank, Beloit, Wisconsin, closed its branch at 2205 Point Blvd., Suite 205, Elgin, Illinois, effective October 7, 2021.

Branch Established

  • Citizens State Bank, Cadott, Wisconsin, established a branch at 118 N. Broadway Street, Stanley, Wisconsin, effective October 1, 2021.
  • The First Bank of Baldwin, Baldwin, Wisconsin, established a branch 327 3rd Avenue, Clear Lake, Wisconsin, effective October 11, 2021.

Branch Relocation

  • Johnson Bank, Racine, Wisconsin, relocated and consolidated branches at 333 East Wisconsin Avenue, Milwaukee, Wisconsin, and 100 East Wisconsin Avenue, Milwaukee, Wisconsin, to 535 East Wells Street, Milwaukee, Wisconsin, effective October 1, 2021.

Charter Cancellation

  • The charter of State Bank of Arcadia, Arcadia, Wisconsin, was cancelled, following the merger of State Bank of Arcadia with and into First National Bank & Trust Company, Clinton, Illinois, effective October 1, 2021.

Bank Structure Changes as of November 30, 2021

Branch Closing

  • Forward Bank, Marshfield, Wisconsin, closed its branch at 110 North Second Avenue, Park Falls, Wisconsin, effective November 30, 2021.
  • Oakwood Bank, Pigeon Falls, Wisconsin, closed its branch at 36328 Main Street, Whitehall, Wisconsin, effective November 30, 2021.

Branch Established

  • Blackhawk Bank, Beloit, Wisconsin, established a branch at 460 S. First Street, St. Charles, Illinois, effective November 29, 2021.

Bank Structure Changes as of December 31, 2021

Acquisition by Bank Holding Company

  • Nicolet Bankshares, Inc., Green Bay, Wisconsin, acquired County Bancorp, Inc., Manitowoc, Wisconsin, effective December 3, 2021.

Branch Closing

  • First State Bank, New London, Wisconsin, closed its branch at 111 E. Freeborn Street, Cecil, Wisconsin, effective December 3, 2021.
  • First State Bank, New London, Wisconsin, closed its branch at 1680 Main Street, Rudolph, Wisconsin, effective December 3, 2021.
  • First State Bank, New London, Wisconsin, closed its branch at 206420 County Road M, Stratford, Wisconsin, effective December 3, 2021.
  • Baraboo State Bank, Baraboo, Wisconsin, closed its branch at 920 WI-136, Baraboo, Wisconsin, effective December 31, 2021.
  • Farmers & Merchants Bank of Kendall, Kendall, Wisconsin, closed its branch at 111 E. Main Street, Hustler, Wisconsin, effective December 31, 2021.

Branch Established

  • Collins State Bank, Collins, Wisconsin, converted its loan production office at N78 W14651 Appleton Avenue, Menomonee Falls, Wisconsin, to a branch office effective December 1, 2021.
  • Fiduciary Partners Trust Company, Appleton, Wisconsin, established a branch at 660 W. Washington Avenue, Suite 306, Madison, Wisconsin, effective December 1, 2021.

Branch Relocation

  • Forward Bank, Marshfield, Wisconsin, relocated its branch from 1142 Fourth Avenue South, Park Falls, Wisconsin, to 177 Fourth Avenue South, Park Falls, Wisconsin, effective December 6, 2021.
  • Coulee Bank, La Crosse, Wisconsin, relocated its branch from 742 Grand Avenue, St. Paul, Minnesota, to 733 Grand Avenue, St. Paul, Minnesota, effective December 28, 2021.

Charter Cancellation

  • The charter of Investors Community Bank, Manitowoc, Wisconsin, was cancelled, following the merger of Investors Community Bank into Nicolet National Bank, Green Bay, Wisconsin, effective December 3, 2021.


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