Owners of the Bank of Brodhead announce the bank intends to buy out Farmers & Merchants Bank in Orfordville and merge the two companies later this year.
The Bank of Brodhead announced Thursday it has entered into an agreement and merger plan with the Farmers & Merchants Bank.
The banks expect to complete the proposed merger later this year, pending approval by state regulators and the banks’ shareholders.
Under the deal, the two banks would be merged under the name Bank of Brodhead.
The two banks are state-chartered community banks. Both have operated in their respective communities for more than a century.
