Sword Financial in Horicon, Wis., has agreed to buy Community Bancshares of Wisconsin in Grafton.
Sword, the parent of the $1.2 billion-asset Horicon Bank, expects to complete the purchase of the holding company for the $247 million-asset Cornerstone Community Bank in the fourth quarter.
Sword, which did not disclose the price it will pay, will have $1.1 billion of loans and $1.3 billion of deposits after the deal closes.
Performance Trust Capital advised Sword.