KAUKAUNA, Wis. - F&M Bancorp has announced a letter of intent to acquire $65 million-asset Peoples State Bank of Bloomer, Wis.

F&M, which will have $920 million in assets after the merger, said Peoples shareholders would receive F&M stock. The company did not disclose a purchase price. The transaction, which is subject to regulatory and shareholder approvals, is expected to be completed during the fourth quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.