business
Wisconsin mutual agrees to buy stock-traded rival
Key takeaways
- Supporting data: The Midwest has been the most active region in the country from a bank M&A standpoint, with 116 deals since the start of 2022.
- Expert quote: "This is a natural fit between two organizations that believe in community banking at its core." – North Shore CEO Jay McKenna
- A depositor-owned Wisconsin thrift that converted to stock ownership after raising $57 million in a pair of public offerings has agreed to sell itself to a mutual bank.
Wisconsin mutual agrees to buy stock-traded rival John Reosti Tue, June 23, 2026 at 9:48 PM GMT+7 3 min read Key takeaway: Depositor-owned North Shore Bank will deepen its home-state footprint, acquiring 1895 Bancorp and its 130-year-old subsidiary Pyra Max Bank.
Supporting data: The Midwest has been the most active region in the country from a bank M&A standpoint, with 116 deals since the start of 2022.
Expert quote: "This is a natural fit between two organizations that believe in community banking at its core." – North Shore CEO Jay McKenna
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