Citizens State Bank in Cadott, Wis., has agreed to buy Community Financial Bank in Prentice, Wis.
The $169 million-asset Citizens State said in a press release that it expects to complete the purchase of the $49 million-asset Community Financial early next year. The price wasn’t disclosed.
Community Financial has two branches.
“We are very excited about our expansion into these new markets,” Tim Cruciani, Citizens State’s president and CEO, said in the release. Community Financial “embraces similar values … and we look forward to sharing our customer/team-centric approach to banking with them and the communities they serve.”