We are excited to announce the merger of the parent companies for Community First Bank and Livingston State Bank.
Boscobel, Wisconsin - Community First Bank, Boscobel, WI, and Livingston State Bank, Livingston, WI, are excited to announce the merger of their parent companies, Boscobel Bancorp, Inc. and Rural Bancshares of Wisconsin, Inc.
The merger of Rural Bancshares of Wisconsin, Inc. into Boscobel Bancorp Inc. was completed on June 17, 2016. Boscobel Bancorp Inc. is now the parent company of both Community First Bank and Livingston State Bank. Both institutions will continue to operate independently until December of 2016 at which time both banks will begin operating under the Community First Bank name.
Dan Klahn, President and CEO, of Community First Bank said, “It is an exciting time for both of our institutions as we work together to integrate our customer and community focused cultures. We believe this strategic alliance will help ensure we remain a locally owned independent bank that is committed to supporting its customers and communities well into the future.”
Doug Martin, President of Livingston State Bank said, “The combined organization and the expertise and commitment of our employees will help us to provide our customers with new and better products along with the same great service they have come to expect from us”.
The combined bank will have eight locations in southwest Wisconsin and is projected to have approximately $400 million in total assets.