The Bank Slate

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Jewel Box Financial to buy Wisconsin River Bank

Jewel Box Financial Services in Columbus, Wis., has agreed to buy Wisconsin River Bank in Sauk City, Wis.

The $505 million-asset parent of Farmers and Merchants Union Bank did not disclose how much it will pay for the $182 million-asset Wisconsin River Bank. The deal is expected to close in the first quarter.

“Wisconsin River Bank has built a strong reputation over the last 30 years by consistently delivering superior service to customers,” Timothy Schams, chairman of River Holding, the parent company for Wisconsin River Bank. “Joining forces with FMUB presents a tremendous opportunity for our customers, employees, and the communities we serve.”

Hovde Group and Arndt Buswell & Thorn advised River Holding. Olsen Palmer and Godfrey & Khan advised Jewel Box.

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