National Exchange Bank & Trust Chief Executive Officer Eric Stone announced that it has reached a definitive agreement with Fortifi Bank to purchase the assets of its Westfield banking location in Wisconsin.
“We are excited about the opportunity this transaction presents to expand our presence in our Westfield community,” Stone said.
National Exchange Bank & Trust banking services in Westfield will be combined into one facility as a part of the acquisition. The transaction is scheduled to be completed in 2021, pending regulatory approval.
”We are confident that this change will provide the Westfield community long-term financial support,” said Gregory Lundberg, president and chief executive officer of Fortifi Bank. “The alignment of both bank’s core values will result in a smooth transition and maintain the high level of service clients are used to.”