APPLETON, Wis. - Valley Bancorp, said it completed the acquisition of United Savings and Loan Association, Sheboygan, last Wednesday.
United $310 million in assets and 12 offices brought Valley to $4.3 billion in assets and 149 locations in Wisconsin.
Valley issued 1,002,225 shares of common stock at $32.75 each, totaling $32.3 million, to effect the transaction. United turned its shares over to Valley after converting from mutual to stock ownership.
William F. Gehrke continues as chairman, president, and chief executive officer of United, which will retain its thrift charter and be renamed Valley United Bank.
