Community State Bank to join F&M Bancorporation.KAUKAUNA, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--Jan. 8, 1996--F&M Bancorporation Inc. (NASDAQ/NMS:FMBK) and Community State Bank today announced execution of a Letter of Intent providing for the affiliation of Community State Bank with F&M Bancorporation. This agreement was announced jointly by Gail E. Janssen, chairman of the board for F&M Bancorporation, James L. Slaby, chairman of the board for Community State Bank, and John Meyer John Meyer may refer to:
Community State Bank has assets of about $50 million and two locations in Algoma and Forestville, Wis. The surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. market area has a diverse mix of commercial, agricultural and recreational industries for which the bank is able to provide quality financial assistance. Janssen stated, "This expansion into the eastern part of Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee is a terrific opportunity. With the help of the employees at Community State Bank, we will be able to extend our customer service and quality financial products to the Algoma and Forestville markets. As a locally driven community bank, we plan to ensure that F&M becomes a strong asset to these communities." This transaction will result in shareholders of Community State Bank receiving F&M Bancorporation stock in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the Letter of Intent. The transaction is subject to completion of a final agreement, regulatory approval, and shareholder approval, with an estimated completion in the third quarter of 1996. Slaby remarked, "We are excited about joining F&M Bancorporation. Their experience and success in working with banks our size will help us and our customers." Added Meyer, "F&M's community oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. focus will help us continue to meet the needs of our customers. And, we expect that F&M's philosophy of keeping decision making local will mean big benefits to our community." F&M Bancorporation recently announced several other pending acquisition agreements in the state. With the addition of these offices and Community State Bank, F&M Bancorporation will serve customers through 48 locations in Wisconsin, with combined assets in excess of $1 billion. F&M Bancorporation stock is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System, under the symbol "FMBK." CONTACT: F&M Bancorporation, Kaukauna Linda K. Seefeldt, 414/766-1717 |
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