A pair of Wisconsin banks are merging in the first quarter of 2020. Oregon Community Bank, Oregon, is acquiring McFarland State Bank.
The combined organization will have 11 offices located in McFarland, Sun Prairie, Middleton, Waunakee, Adams, Oxford, Grand Marsh, two offices in Oregon and two in Stoughton, Wis. There are no planned layoffs or reductions in staff expected.
“This merger is an excellent fit for both organizations and will create one of the largest community banks in Dane County with over $1.1 billion in assets,” said E. David Locke, chair and CEO of the $516 million McFarland State Bank. “By combining our two family-owned banks and the talent of our staffs, we will be poised to expand our footprint in south central Wisconsin more efficiently and effectively.”
Reinhart Boerner Van Deuren, s.c. served as counsel to Oregon Community Bank and Bosshard Financial Group, Inc. in connection with this transaction. Hovde Group, LLC served as financial advisor and Boardman Clark served as counsel to McFarland State Bank and Northern Bankshares, Inc.