FIG Has Now Completed 106 M&A Transactions Totaling More Than
$6.3 Billion In Transaction Value
ATLANTA, June 21, 2018 —
Citizens Community Bancorp, Inc. (NASDAQ:CZWI) has announced an agreement to acquire United Bancorporation’s subsidiary, United Bank, in a cash transaction valued at approximately $50.7 million.
Citizens Community Bancorp, Inc. (Citizens), the parent company of Citizens Community Federal, N.A. is headquartered in Eau Claire, Wisconsin and United Bank is based in Osseo, Wisconsin. With this transaction, Citizens will be one of the largest community banks in northwest Wisconsin, with $1.2 billion in assets in 28 locations.
“We are excited about this opportunity to combine two independent community banking franchises into one of the largest banks in northwest Wisconsin,” said Stephen Bianchi, President and CEO of Citizens. “The pooling of our personnel, resources and knowledge will allow us to make “More Possible” through enhanced capabilities, operational efficiencies, and community outreach. It will also provide us with deeper product offerings and increased lending capacity to better serve our clients and our communities.”
The FIG team included Bob Kotecki, Principal; Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; and Brian Flaherty, Associate.
More information is available here.
Since 2003, FIG has been the trusted advisor to community banks and investors. To learn more about FIG’s investment banking services, visit www.figpartners.com.