Monona Bank and State Bank of Cross Plains are planning to merge.
The Wisconsin banks said in a press release Tuesday that the deal is expected to close by the end of this year. They did not disclose any financial details.
The $1.2 billion-asset Monona Bank and the $1.7 billion-asset State Bank of Cross Plains would operate independently until next spring. The name of the combined bank has not yet been determined.
“The merger demonstrates a dedication to promoting opportunity and prosperity within our communities throughout south central Wisconsin,” Hoffmann added.
“When we invest in our neighbors, we enhance the entire community to be a more strong, stable, and vibrant place to live and work,” Tubbs added.