Shareholders of both F&M Bankshares of Reedsburg and its banking subsidiary have approved the sale of the bank to Associated Banc-Corp in a stock swap deal.

Shareholders of the holding company will receive 174 shares of Associated common stock for each share of their stock. Shareholders of Farmers and Merchants Bank will receive 59 shares of Associated common stock for every share they own.

The addition of two Farmers and Merchants banking offices in Sauk County brings to 15 Associated's total of banking offices in south central Wisconsin. - Compiled by Dominick Fontana

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