First State Bank announces agreement to acquire Pioneer Bank
We are pleased to announce that First State Bank has entered into a definitive purchase agreement to acquire Pioneer Bank which has seven offices in North Central Wisconsin: Auburndale (main office), Greenwood, Marshfield, Rozellville, Stevens Point, Wisconsin Rapids, and Withee.
Pending regulatory approval and Pioneer Bancorp, Inc. shareholder approval, the purchase is expected to close early this fall. Pioneer Bank’s seven offices will merge with First State Bank in early 2020 and operate under the First State Bank name.
How will this acquisition impact First State Bank customers?
When our merger is complete in early 2020, you will have seven additional locations to serve you along with an expanded team of community banking professionals to help you with your financial needs, wherever you may be in North Central Wisconsin. First State Bank customers will otherwise not be directly impacted.
How will Pioneer Bank customers be affected?
We are still very early in this process but can tell you that no changes with your Pioneer Bank relationships are expected to take place until after our merger is complete in early 2020. Please know it is our utmost goal to work closely with your Pioneer Bank staff to make the transition as easy as possible for you and to welcome you to First State Bank. Please contact Pioneer Bank at (715) 652-2105 if you have any specific questions regarding your accounts in the meantime.