First State Bank Completes Merger of Pioneer Bank
Wednesday, February 26th, 2020 -- 9:39 AM
(Hub City Times) -After months of planning and preparations, First State Bank has completed its merger of Pioneer Bank.First State Bank is an independent community bank headquartered in New London. The merger expands the bank’s service area in central Wisconsin, adding seven offices in Wisconsin Rapids, Stevens Point, Marshfield, Auburndale, Rozellville, Greenwood, and Withee. First State Bank first entered the region in 2017 when it acquired Farmers and Merchants Bank in Rudolph.
It now has 13 offices throughout Waupaca County and central Wisconsin and total assets of approximately $450 million. First State Bank, like Pioneer Bank, has a long history of lending to dairy farms and other agri-business, which also makes the merger a great fit. A grand opening is planned for mid-April.
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