Wings Financial Credit Union to Acquire Settlers Bank
Wings Financial Credit Union and SB Bancorp, Inc., the holding company for Settlers bank, announced today that the two organizations have reached an agreement for Wings to acquire the bank, including their three branch locations in Appleton, Madison, and Windsor, Wisconsin.
- Wings Financial Credit Union and SB Bancorp, Inc., the holding company for Settlers bank, announced today that the two organizations have reached an agreement for Wings to acquire the bank, including their three branch locations in Appleton, Madison, and Windsor, Wisconsin.
- When the transaction is complete, Settlers bank locations will be re-branded as Settlers Best Credit Union, a division of Wings Financial Credit Union.
- Raymond James & Associates, Inc. served as financial advisor and Honigman LLP, Chicago, IL served as legal advisor to Wings Financial Credit Union.
- Wings Financial Credit Union is Minnesota's largest credit union and one of the top credit unions nationally, with over $8 billion in assets and more than 340,000 members.