August 24, 2022

On August 23, 2022, East Wisconsin Savings Bank, Kaukauna, Wisconsin, announced the signing of a definitive agreement with Lake City Federal Bank, Lake City, Minnesota, pursuant to which East Wisconsin will acquire Lake City through a merger between the two mutually owned organizations. Following the completion of the transaction, East Wisconsin will remain 100% mutually owned.

East Wisconsin is a Wisconsin-chartered savings bank organized in the mutual holding company structure with six full-service banking offices located in Kaukauna, Little Chute, Appleton, Freedom, Kimberly and Grand Chute, Wisconsin.

Lake City is a federally chartered mutual savings bank operating from its full-service banking office in Lake City, Minnesota.

Luse Gorman is serving as legal counsel to East Wisconsin in the transaction. The Luse Gorman team consists of Kip WeissmanThomas Hutton and Zachary Davis.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past five years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.