Peoples State Bank taking over Rhinelander bank - WAOW - Newsline 9, Wausau News, Weather, Sports

Peoples State Bank taking over Rhinelander bank

A Wausau Bank has announced plans to take over a bank in Rhinelander.

According to a press release, Peoples State Bank in Wausau has agreed to acquire Northwoods National Bank of Rhinelander. Peoples State Bank plans to run the branch within the same facility.

The press release says the purchase includes about $22 million of performing loans and $44 million of deposits as of December 31, 2013. The purchase is expected to be completed by the end of the first quarter.
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