Chippewa Valley to Buy State Bank of Drummond in Wisconsin

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

The $305 million-asset Chippewa will also buy all of the $44 million-asset State Bank's liabilities. The price was not disclosed. The deal is expected to close in May.

Oak Ridge Financial Services Group advised State Bank.

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