Wisconsin

KeySavings Bank in Wisconsin Rapids, Wis., has promoted a vice president to chief executive.

Calumet Bancorp. in Chilton, Wis., has agreed to buy Calumet Bancshares in Brillion, Wis.

The $2.5 billion-asset company will freeze pension benefits for the 10% of its workforce that still receive a pension.

Centre 1 Bancorp in Beloit, Wis., has agreed to buy Walworth State Bank in Wisconsin.

County Bancorp in Manitowoc, Wis., has agreed to buy Fox River Valley Bancorp in Appleton, Wis., for about $29 million.

County Bancorp in Manitowoc, Wis., has selected former Kimberly-Clark executive Kathi Seifert to be a director.

Chippewa Valley Bank in Winter, Wis., has agreed to buy most of the assets of State Bank of Drummond in Drummond, Wis.

Associated Banc-Corp in Green Bay, Wis., posted lower third-quarter profit, citing lower yields on earning assets.

Capital Commerce Bancorp in Milwaukee has raised more than $11 million through a private placement.

Nicolet Bankshares in Green Bay, Wis., has redeemed about half of its outstanding preferred stock in the Small Business Lending Fund.

Associated Banc-Corp in Green Bay, Wis., has promoted a longtime executive to Milwaukee market president.

Nicolet Bankshares in Green Bay, Wis., has agreed to buy Baylake Corp. in Sturgeon Bay, Wis.

First Business Financial Services in Madison, Wis., has named Michael Murphy its chief accounting officer.

Horicon Bank in Horicon, Wis., has agreed to acquire a branch in Fond du Lac, Wis., from Baraboo National Bank.

Summit Credit Union of Madison, Wisconsin announced that it has completed its merger with Educational Employees Credit Union (EECU) of Janesville, Wis.

CUES on Friday said the 2015 CUES Next Top Credit Union Exec challenge has been narrowed to the Top 15 applicants.

The $625 million-asset company said in a press release Thursday that Greg Remus will become its CEO on Oct. 1. He will succeed Ray Lipman, who will remain chairman.

Corporate Central CU here has launched InterLutions LLC, a CUSO focusing on business solutions for the credit union community, starting with health care services.

Walker rejects sections of state budget that would expand payday lenders' authority.

Members of $175 million Air Line Pilots Association FCU, voted to merge into $1 billion Connexus Credit Union. The deal was effective July 8.