A mortgage banking veteran has agreed to buy Greenwoods Financial Group in Lake Mills, Wis.
The $575 million-asset parent of Greenwoods State Bank said in a press release that it agreed to sell itself to Christopher M. George. The deal is expected to close in the first quarter. The price wasn’t disclosed.
“I look forward to working with … the entire Greenwoods team to assist in expanding the bank’s footprint and market share in Wisconsin and throughout the Midwest,” George said in the release. “Together, we will build on the strong foundation established by Greenwoods, while continuing to invest in people and technology for the benefit of customers in the communities we serve.”
Greenwoods State Bank has nine branches in southern Wisconsin.
Bill McDonald will remain the company’s CEO, while Rob Cera will remain the bank’s CEO.
Sullivan & Cromwell and RSM US advised George. Reinhart Boerner Van Deuren advised Greenwoods State Bank.