North Shore Bank in Brookfield, Wis., has agreed to buy Layton Park Financial Group in West Allis, Wis.
The $1.8 billion-asset North Shore did not disclose how much it would pay for the $123 million-asset Layton Park. The deal is expected to close in the fourth quarter.
"This transaction will build our market share within the Milwaukee market," Jay McKenna, North Shore's president and chief operating officer, said in a Friday press release. "Over the years, Layton … has developed an outstanding group of employees and customers, and this combination will result in advantages for customers and employees of both organizations."
Layton has four branches. North Shore has 45 branches.
Luse Gorman advised North Shore. FIG Partners, Hovde Group and Barack Ferrazzano Kirschbaum & Nagelberg advised Layton Park.