The Bank Slate


Horicon Bank in Wis. to buy Cornerstone Community

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.

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