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Anchor BanCorp Wisconsin in Madison said it expects to save about $5.4 million yearly after it completed an employee buyout, sold a branch, closed six branches and introduced a new branch staffing model.
July 1 -
Baylake Corp. in Sturgeon Bay, Wis., has agreed to buy New Bancshares in Kewaunee, Wis.
May 8 -
The Federal Reserve Board has hit a Wisconsin bank with an enforcement action, while lifting actions against two others.
May 2
Horicon Bank in Horicon, Wis., has agreed to acquire a branch in Fond du Lac, Wis., from Baraboo National Bank.
The banks did not disclose financial terms and Horicon spokesman Fred Schwertfeger said it's "quite a small deal" and "a complement to our network." The sale is expected to close in the fourth quarter, the
The branch will be the fourth office in Fond du Lac County for the $598 million-asset Horicon Bank. The branch held $19.4 million in deposits, as of June 30, 2014, according to the Federal Deposit Insurance Corp.
The $433 million-asset Baraboo will operate 10 branches in Wisconsin after the sale.
