Schofield, Wis.-based Intercity State Bank will merge into its sister charter, Oregon, Wis.-based One Community Bank, later this year.
Both banks are owned by La Crosse, Wis.-based investor group Bosshard Banco. Following the merger, Intercity State Bank’s three branches in the Greater Wausau area will become branches of $2.1 billion One Community Bank
The announcement comes as Intercity State Bank President and CEO Randy Balk prepares to retire in February after a more than 40-year career.
One Community Bank President and CEO Steve Peotter has served on the board of directors for $266 million Intercity State Bank for a decade. The banks have also worked together on significant projects in Greater Wausau, including the new downtown development project “The Foundry on 3rd.”
“I am excited to have Intercity State Bank join One Community Bank in 2025,” Peotter said. “I have enjoyed the opportunity to get to know the Intercity team and community. Through this merger and our aligned approach, we will enhance our service offerings to clients, provide expanded career opportunities to colleagues and ensure that community banking continues to thrive throughout Wisconsin.”