LA CROSSE, Wis. - First Federal Capital Corp., the parent of First Federal Savings Bank La Crosse-Madison, announced a definitive agreement to acquire Rock Financial Corp, Beloit, Wis., for $21 million.
First Federal has $1.2 billion of assets, Rock Financial $129 million.
The deal calls for Rock Financial stockholders to exchange their shares of common stock for either $28.25 in cash, 1.7 shares of First Federal common stock, or a combination thereof.
The merger is expected to close during the fourth quarter, subject to shareholder and regulatory approvals.