Jewel Box Financial Services, Inc. (“Jewel Box”), the holding company of Farmers & Merchants Union Bank (“FMUB”), and River Holding Company (“River Holding”), the holding company of Wisconsin River Bank (“WRB”), have jointly announced Jewel Box has acquired 100% of the capital stock of WRB from River Holding. Jewel Box will merge WRB into FMUB and the surviving bank will operate under the Farmers & Merchants Union Bank name.
Olsen Palmer LLC served as financial advisor to Jewel Box Financial Services, Inc.
Based on most recent reported financials, the combined institution has approximately $700 million in total assets and 9 banking offices.