Thursday, February 18, 2016

Advia Credit Union to Acquire Wisconsin Bank

Advia Credit Union (Parchment, MI) has announced that it has signed a definitive agreement to acquire Mid America Bank, a Wisconsin-based bank headquartered in Janesville.

At the end of 2015, Advia Credit Union reported almost $1.2 billion in assets. Mid America Bank had nearly $88 million in assets.

The acquisition is expected to be completed in the second or third quarter of 2016.

Upon completion of the acquisition, Advia will have approximately $1.3 Billion in assets, 400 employees, and 28 branches.

Terms of the deal were not disclosed.

Read the press release.
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