Lake City Federal Bank and Forward Bank agree to merger

Lake City Federal Bank has signed a definitive agreement to merge with Forward Bank based in Marshfield, Wis., according to a news release. The merger will bring the total number of Forward Bank offices to 15 offices with 14 in Wisconsin and one in Minnesota.

The merger, which is subject to regulatory approval and a member vote, is expected to be completed in the second quarter of 2024. Following the completion of the transaction, Lake City Federal Bank will continue to operate normally under its existing brand until later in 2024.

 


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