F&M Bancorporation Completes Acquisition of Bank of South Wayne

F&M Bancorporation, a multi-bank holding company in Kaukauna, Wisconsin, has completed its acquisition of the Bank of South Wayne, a move that will enable the company to better serve the financial needs of communities in southwestern Wisconsin. With the addition of the Bank of South Wayne, F&M will now operate in eleven locations across the region, including Fennimore, Dickeyville, and Potosi. The acquisition brings F&M's assets to over $2.2 billion and expands its presence to 82 full-service bank locations and 66 ATMs throughout Wisconsin, Minnesota, and Iowa.

Key Takeaways:

• F&M Bancorporation has acquired the Bank of South Wayne, a local bank with approximately $20 million in assets and one location.
• The acquisition expands F&M's presence in southwestern Wisconsin, bringing its total locations to 82 full-service bank locations and 66 ATMs.
• F&M's assets now exceed $2.2 billion, solidifying its position as a leading bank holding company in the region.
• Gail E. Janssen, Chairman of the Board of F&M Bancorporation, stated that the acquisition will enable F&M to carry out its community banking strategy and better meet the financial needs of local communities.
• Ervin W. Johnson, President of the Bank of South Wayne, expressed excitement about joining the F&M family and continuing to grow and serve the needs of customers in South Wayne.

Statistics:

• F&M Bancorporation has acquired the Bank of South Wayne with approximately $20 million in assets.
• F&M now operates in eleven locations across southwestern Wisconsin, including Fennimore, Dickeyville, and Potosi.
• F&M's assets exceed $2.2 billion, with 82 full-service bank locations and 66 ATMs throughout Wisconsin, Minnesota, and Iowa.

Sources:

• FMBK press release via Business Wire, February 10, 1998.