A New London-based bank is buying a bank based in Auburndale in central Wisconsin. 

First State Bancshares, Inc., parent company of First State Bank, announced Wednesday it is buying Pioneer Bancorp, Inc., parent of Pioneer Bank.

“Our two organizations are very complementary and together will be stronger in providing customers with the best products, convenience, and fantastic service from people they know and trust," Robert Van Asten, president and CEO of First State Bank, said in a news release. "We are both committed to the principles of community banking serving families, businesses and communities in North Central Wisconsin.”

“Like Pioneer Bank, First State Bank has a long history as an independent community bank with offices in rural communities,” Jeff Whitrock, president and CEO of Pioneer Bank, said in a news release. “With our merger, we’ll be preserving Pioneer’s original 1910 core values and the personal relationships our employees have built with our customers and communities.”

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