southeastern Wisconsin and providing a full range of banking services and products for both individual and business clients. Headquartered in Waukesha, Wis., InvestorsBank also specializes in SBA and USDA lending programs.
Senior management teams at both banks have coordinated a transition plan that preserves each bank's level of customer service, with no expected impact on current employees.
According to Gordy King, president and chief operating officer, the acquisition allows InvestorsBank to expand its expertise and maximize the solutions it offers business owners.
Richard Hensley, chief executive officer at InvestorsBank, said, "We welcome American Bank and look forward to a long and healthy future under its leadership."
This is a first step toward a plan that calls for expansion of the combined bank's offerings and services in the Waukesha and greater Milwaukee market, the three bank leaders said.
1997, is a private, family owned bank dedicated to servicing the commercial banking needs Air Max Thea Leopard Print of entrepreneurs throughout Air Max Thea Sneakers In Grey
The combined entity will have assets in excess of $450,000,000, according to a company press release.
"We plan for things to be business as usual for the customers and staff of both banks," said Jim Chatterton, president of American Bank. "This Nike Air Max Thea Grey Womens
American Bank, founded in 1968, is a locally owned independent bank serving customers in five counties of Wisconsin from Brownsville, Mayville, Princeton, Omro, Fond du Lac and now Waukesha County.
is an exciting and energizing opportunity which allows us to blend our strengths and qualities with those of InvestorsBank, while broadening our reach."
based American Bank acquires InvestorsBank
InvestorsBank, founded in Air Max Tavas Black And Orange
American Bank is a wholly owned subsidiary of NEB Corp., which has assets in excess of $1.5 billion. InvestorsBank will operate under the American Bank name after the acquisition gains regulatory approval, expected later this year.
Fond du Lac based American Bank has acquired Waukesha's InvestorsBank, a private, family owned bank known mostly for its work with entrepreneurs and small businesses.
"We are confident we will be a satisfying, growth oriented and progressive banking partner for people and families as well as business customers in the area," said Chatterton.
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