Minnesota Based Peoples State Bank of Plainview and Altura State Bank Announce Signing of Definitive Merger Agreement
The Barack Ferrazzano Financial Institutions Group acted as legal advisor for Peoples State Bank of Plainview in the signing of a definitive merger agreement with Altura State Bank, announced jointly by the banks on February 8, 2016. The combined entity is expected to have assets of more than $250 million upon the close of the transaction which is expected to be in the third quarter of 2016. Barack Ferrazzano's legal team was lead by Joseph T. Ceithaml and Dennis R. Wendte.
Peoples State Bank of Plainview has five branches serving the Plainview, Elgin and Millville communities in Minnesota and Boyceville and Menomonie in Wisconsin. Altura State Bank serves Altura and its surrounding communities in Minnesota.
Barack Ferrazzano Financial Institutions Group
Our 30-attorney Group has represented more than 250 financial institutions across the country. Our M&A experience is unparalleled-over the past decade, our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to SNL Financial. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2016 report.