Thursday, September 19, 2013

Westby Co-op to Buy Loans and Deposits at Bank Branch

Citizens Community Bancorp, Inc. of Eau Claire, Wisconsin, parent company of Citizens Community Federal, and Westby Co-Op Credit Union of Westby, Wisconsin today announced they have entered into a deposit and loan assumption agreement whereby Westby will purchase certain assets from, and assume certain deposit liabilities of, the Bank's Wisconsin Dells branch.

Financial terms were not disclosed and the transaction will need regulatory approval.

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