Oregon Community Bank is expanding into Adams and Marquette counties with the acquisition of Grand Marsh State Bank.
The merger is expected to become final by June 30, if regulators approve. Terms of the transaction were not disclosed.
When the merger is completed, the Grand Marsh State Bank locations will be known as Adams Community Bank and will be branches of Oregon Community Bank. Employees of Grand Marsh State Bank will keep their jobs and Oregon Community Bank will have a total of about 100 employees and plans to hire more, president and CEO Steve Peotter said.
Oregon Community Bank, founded in 1976, has two locations in Oregon, and a branch in Waunakee. It had $314 million in assets as of Dec. 31, 2017. Grand Marsh State Bank began in 1915 and has branches in Grand Marsh and Adams, in Adams County, and Oxford, in Marquette County. The bank had $124.7 million in assets, as of Dec. 31, 2017.
Read more in the Wisconsin State Journal.