2023 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 cancelations, and Universal Bank certifications completed in 2023.

Bank Structure Changes as of January 31, 2023

Acquisition by Bank Holding Company

  • Sword Financial Corporation, Horicon, Wisconsin, acquired Community Bancshares of Wisconsin, Grafton, Wisconsin, effective January 1, 2023.

Branch Closing

  • East Wisconsin Savings Bank, Kaukauna, Wisconsin, closed its branch at 1805 E. Main Street, Little Chute, Wisconsin, effective January 27, 2023.

Loan Production Office Relocation

  • The Bank of New Glarus, New Glarus, Wisconsin, relocated its loan production office from 474 Commerce Drive, Madison, Wisconsin, to 8201 Mayo Drive, Unit 107, Madison, Wisconsin, effective January 3, 2023.

Trust Services Branch Established

  • Waukesha State Bank, Waukesha, Wisconsin, established a trust services branch at 4600 American Parkway, Suite 204, Madison, Wisconsin, effective January 3, 2023.

Bank Structure Changes as of February 28, 2023

Acquisition by Bank Holding Company

  • Bank First Corporation, Manitowoc, Wisconsin, acquired Hometown Bancorp, Ltd., Fond du Lac, Wisconsin, effective February 10, 2023.

Branch Closing

  • Hometown Bank, Fond du Lac, Wisconsin, closed its branches at 4190 Boardwalk Court, Appleton, Wisconsin, 1200 Main Street, St. Cloud, Wisconsin, 846 Main Street, Neshkoro, Wisconsin, and 300 East Bannerman Avenue, Redgranite, Wisconsin, effective February 10, 2023.
  • Monona Bank, Monona, Wisconsin, closed its branch at 27 W. Main Street, Belleville, Wisconsin, effective February 10, 2023.
  • Security Bank, New Auburn, Wisconsin, closed its branch at 107 Dallas St., Dallas, Wisconsin, effective February 14, 2023.

Branch Established

  • Lake Ridge Bank, Cross Plains, Wisconsin, established branches at 5515 Monona Drive, Monona, Wisconsin, 341 West Cottage Grove Road, Cottage Grove, Wisconsin, 6430 Bridge Road, Monona, Wisconsin, 1965 Atwood Avenue, Madison, Wisconsin, 3207 Parmenter Street, Middleton, Wisconsin, 229 Douglas Drive, Brooklyn, Wisconsin, 603 Phillips Boulevard, Sauk City, Wisconsin, and 2615 Westview Court, Cross Plains, Wisconsin, the former main office and branch locations of Monona Bank, effective February 13, 2023.

Branch Relocation

  • The Bank of New Glarus, New Glarus, Wisconsin, relocated its branch from 250 18th Street, Monroe, Wisconsin, to 701 8th Street, Monroe, Wisconsin, effective February 6, 2023.
  • North Shore Bank, Brookfield, Wisconsin, relocated its branch from 1320 W. Burnham Street, Milwaukee, Wisconsin, to 1316 W. Forest Home Avenue, Milwaukee, Wisconsin, effective February 20, 2023.

Change in Name

  • The First Bank of Baldwin, Baldwin, Wisconsin, changed its name to Pillar Bank, effective February 1, 2023.
  • State Bank of Cross Plains, Cross Plains, Wisconsin, changed its name to Lake Ridge Bank, effective February 13, 2023.

Charter Cancelation

  • The charter of Hometown Bank, Fond du Lac, Wisconsin, was canceled, following the merger of Hometown Bank into Bank First, NA, Manitowoc, Wisconsin, effective February 10, 2023.
  • The charter of Wisconsin Bank & Trust, Madison, Wisconsin, was canceled, following the merger of Wisconsin Bank & Trust into HTLF Bank, Denver, Colorado, effective February 10, 2023.

Loan Production Office Closing

  • Hometown Bank, Fond du Lac, Wisconsin, closed its loan production office at 2040 Kohler Memorial Drive, Sheboygan, Wisconsin, effective February 10, 2023.

Merger and Charter Cancelation

  • Lake Ridge Bank, Cross Plains, Wisconsin, merged with Monona Bank, Monona, Wisconsin, with the charter of Monona Bank, being canceled at 12:02 AM, February 13, 2023.

Bank Structure Changes as of March 31, 2023

Acquisition by Bank Holding Company

  • FS Bancshares, Inc., Markesan, Wisconsin, acquired Farmers and Merchants Bank of Kendall, Kendall, Wisconsin, effective March 22, 2023.
  • Citizens Bancorp, Inc., Cadott, Wisconsin, acquired Community Financial Bank, Prentice, Wisconsin, effective March 27, 2023.

Branch Established

  • Pillar Bank, Baldwin, Wisconsin, established a branch at 2868 County Highway I, Chippewa Falls, Wisconsin, effective March 1, 2023.
  • Ergo Bank, Markesan, Wisconsin, established branches at 102 S. Railroad Street, Kendall, Wisconsin, 108 Main Street, Norwalk, Wisconsin, and 406 Main Street, Wilton, Wisconsin, the former main office and branch locations of Farmers and Merchants Bank of Kendall, Kendall, Wisconsin, effective March 22, 2023.

Main Office Relocation

  • DMB Community Bank, DeForest, Wisconsin, relocated its main office from 321 N. Main Street, DeForest, Wisconsin, to 10 Terrace Court, Suite 100, Madison, Wisconsin, effective March 15, 2023.

Merger and Charter Cancelation

  • Ergo Bank, Markesan, Wisconsin, merged with Farmers and Merchants Bank of Kendall, Kendall, Wisconsin, with the charter of Farmers and Merchants Bank of Kendall being canceled, effective at 4:00 pm, March 22, 2023.

Bank Structure Changes as of April 30, 2023

Acquistion by Bank Holding Company

  • Citizens Bancorp, Inc., Cadott, Wisconsin, acquired Community Financial Bank, Prentice, Wisconsin, effective April 11, 2023.

Branch Established

  • Peoples State Bank, Prairie du Chien, Wisconsin, established a branch at 802 W. Main Street, Waukon, Iowa, effective April 3, 2023.

Change in Name

  • New Citizens State Bank, Prentice, Wisconsin, changed its name to Community Financial Bank, effective April 11, 2023.

Merger and Charter Cancelation

  • New Citizens State Bank, Prentice, Wisconsin, merged with Community Financial Bank, Prentice, Wisconsin, with the charter of Community Financial Bank, being canceled, effective at 5:00 PM, April 11, 2023.

​Bank Structure Changes as of M​a​​y 31, 2023

Branch Closing​

  • Bristol Morgan Bank, Oakfield, Wisconsin, closed its branch at 600 Clark Street, Brandon, Wisconsin, effective May 26, 2023.​

​​Branch Relocation

  • Banner Banks, Birnamwood, Wisconsin, relocated its branch from 225 Clark Street, Hatley, Wisconsin, to 410 State Road, Hatley, Wisconsin, effective May 1, 2023.
  • First Business Bank, Madison, Wisconsin, relocated its branch from 11300 Tomahawk Creek Parkway, Leawood, Kansas, to 11141 Overbrook Road, Leawood, Kansas, effective May 30, 2023.

​Merger and Charte​​r Cancelation

  • Community Financial Bank, Prentice, Wisconsin, merged with Citizens State Bank, Cadott, Wisconsin, with the charter of Community Financial Bank, being canceled, effective at 8:00 AM, May 8, 2023.​

​Bank Structure Changes as of June 30, 2023​

Loan Production Office Relocation​​

  • ​Coulee Bank, La Crosse, Wisconsin, relocated its loan production office from 14800 Galaxie Avenue, Suite 105, Apple Valley, Minnesota, to 7300 West 47th Suite 203, Apple Valley, Minnesota, effective June 1, 2023.​

​Bank Structure Changes as of July 31, 2023​​​

​​​Acquisition by Company​​​

  • Wings Financial Credit Union, Apple Valley, Minnesota, acquired substantially all assets and assumed the deposit liabilities of Settlers Bank, DeForest, Wisconsin, effective July 1, 2023.

Branch Established​​

  • Peoples State Bank, Wausau, Wisconsin, established a branch at 138 McDill Avenue, Stevens Point, Wisconsin, effective July 12, 2023.

Voluntary Liquidation and Charter Cancellation

  • Settlers Bank, DeForest, Wisconsin, filed notice with this Division that it will be voluntarily liquidated and dissolve following the acquisition of substantially all assets and assumption of deposit liabilities by Wings Financial Credit Union, Apple Valley, Minnesota, with the transaction and charter cancellation effective July 1, 2023.​

Bank Structure Changes as of August 31, 2023

 ​Acquisition by Bank Holding Company

  • ​​First Mid Bancshares, Mattoon, Illinois, acquired Blackhawk Bancorp, Inc., Beloit, Wisconsin, effective August 15, 2023.

Branch Closing

  • Peoples State Bank, Prairie du Chien, Wisconsin, closed its branches at 115 South Bagley Avenue, Bagley, Wisconsin, 13207 Main Street, Glen Haven, Wisconsin, and 1230 North Main Street, Viroqua, Wisconsin, effective August 31, 2023.
  • Lake Ridge Bank, Cross Plains, Wisconsin, closed its branch at 210 Commercial Street, Brooklyn, Wisconsin, effective August 31, 2023.

Branch Established

  • ​​Forward Bank, Marshfield, Wisconsin, established a branch at 6990 W. School Street, Three Lakes, Wisconsin, effective August 7, 2023.

Bank Structure Changes as of September 30, 2023

Branch Closing

  • Capitol Bank, Madison, Wisconsin, closed its limited service branches at 8202 Highview Drive, Madison, Wisconsin, 7707 North Brookline Drive, Madison, Wisconsin, 902 North High Point Road, Madison, Wisconsin, 7710 South Brookland Drive, Madison, Wisconsin, 8301 Old Sauk Road, Middleton, Wisconsin, 9401 Old Sauk Road, Middleton, Wisconsin, 6720 Century Avenue, Middleton, Wisconsin, 8501 Old Sauk Road, Middleton, Wisconsin, 1049 Enterprise Drive, Verona, Wisconsin, 325 Prairie Way Boulevard, Verona, Wisconsin, and 304 Church Street, Verona, Wisconsin, effective September 1, 2023.
  • Alliance Bank, Mondovi, Wisconsin, closed its branch at S879 Highway 88, Gilmanton, Wisconsin, effective September 29, 2023.

Branch Established

  • Johnson Bank, Racine, Wisconsin, established a branch at 2675 Sun Valley Drive, Delafield, Wisconsin, effective September 1, 2023.
  • Horicon Bank, Horicon, Wisconsin, established branches at 2090 Wisconsin Avenue, Grafton, Wisconsin, N91 W17231 Appleton Avenue, Menomonee Falls, Wisconsin, and 1155 East Commerce Boulevard, Slinger, Wisconsin, the former main office and branch locations of Cornerstone Community Bank, effective September 16, 2023.

Charter Cancelation​

  • The charter of Park Bank, Holmen, Wisconsin, was canceled, following the conversion of the bank to a national charter, effective September 2, 2023.

Merger and Charter Cancelation

  • One Community Bank, Oregon, Wisconsin, merged with Farmers State Bank, Hillsboro, with the charter of Farmers State Bank, being canceled effective September 1, 2023.
  • Horicon Bank, Horicon, Wisconsin, merged with Cornerstone Community Bank, Grafton, Wisconsin, with the charter of Cornerstone CommunityBank, being canceled effective September 16, 2023.​

Bank Structure Changes as of October 31, 2023​

Branch Established​​

  • ​Horicon Bank, Horicon, Wisconsin, established a branch at 11530 West Burleigh Street, Wauwatosa, Wisconsin, effective October 10, 2023.

Change in Name

  • Paper City Savings Association, Wisconsin Rapids, Wisconsin, changed its name to Paper City Savings Bank, S.A., effective October 18, 2023.​

Main Office Rel​ocation

  • First State Bank, New London, Wisconsin, relocated its main office and driveup facility from 113 W. North Water Street, New London, Wisconsin, and 214 Lincoln Court, New London, Wisconsin, to 220 Waupaca Street, New London, Wisconsin, effective October 2, 2023.

Bank Structure Changes as of November 30, 2023

Branch Established

  • The Park Bank, Madison, Wisconsin, established a branch at 2407 W. Brewery Road, Cross Plains, Wisconsin, effective November 27, 2023.

Branch Relocation

  • Community State Bank, Union Grove, Wisconsin, relocated its branch from 810 Fox Lane, Waterford, Wisconsin, to 506 E. Main Street, Waterford, Wisconsin, effective November 1, 2023.

Bank Structure Changes as of December 31, 2023

Branch Closing

  • First State Bank, New London, Wisconsin, closed its branches at 106 South Main Street, Greenwood, Wisconsin, and N14570 County Road O, Withee, Wisconsin, effective December 8, 2023.
  • Chippewa Valley Bank, Hayward, Wisconsin, closed its branch at W 14334 Highway 8, Weyerhauser, Wisconsin, effective December 29, 2023.
  • The Portage County Bank, Almond, Wisconsin, closed its branches at 54496 County Road W, Bancroft, Wisconsin, and 2520 Post Road, Plover, Wisconsin, effective December 31, 2023.
  • Waukesha State Bank, Waukesha, Wisconsin, closed its trust services branch at 4600 American Parkway, Suite 204, Madison, Wisconsin, effective December 31, 2023.​

Charter Cancelation

  • The charter of Blackhawk Bank, Beloit, Wisconsin, was canceled following the merger of Blackhawk Bank into First Mid Bank & Trust, National Association, Mattoon, Illinois, effective December 1, 2023.

Contact Us

Phone:  (608) 261-7578
Email:  DFIBankingRequests@dfi.wisconsin.gov