Old National Acquires Wisconsin Banks

Evansville-based Old National Bancorp and Madison, Wis.-based Anchor BanCorp Wisconsin have jointly announced an agreement under which Old National will acquire Anchor through a stock and cash merger.

With $2.2 billion in total assets, $1.5 billion in total loans, $1.8 billion in deposits and $360 million in common shareholders’ equity as of September 30th, Anchor is a savings and loan holding company with AnchorBank as its wholly-owned subsidiary. AnchorBank operates 46 banking centers, including 32 banking centers in the Madison, Milwaukee and Fox Valley triangle.

This partnership marks a continuation of Old National’s strategy to focus the expansion of its franchise in demographically attractive and economically vibrant markets.

Be the first to comment on "Old National Acquires Wisconsin Banks"

Leave a comment

Your email address will not be published.