Town Bank acquired PyraMax Bank, FSB, Wisconsin Branch.
January 03, 2019
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Town Bank acquired PyraMax Bank, FSB, Wisconsin Branch on January 4, 2019. Town Bank acquired approximately $5 million of deposits, the bank facility and property located at 1605 W. Mitchell Street in Milwaukee, and various other assets. Transaction was subject to final adjustments. Edelman & Co., Ltd. served as financial adviser and Quarles & Brady LLP served as legal counsel for PyraMax Bank. Matthew Galo, Emma Gormley, David Loring, Rebecka Manis, Kevin Meil, Robert Pluth, Kaitlin Riley Duran, David Sattelberger, Nicholas Tipsord, Carly Weiss and Bob Pluth of Schiff Hardin LLP acted as legal advisors to Wintrust Financial Corporation, parent of Town Bank.
Town Bank completed the acquisition of PyraMax Bank, FSB, Wisconsin Branch on January 4, 2019.
1895 Bancorp of Wisconsin, Inc. is the savings and loan holding company for PyraMax Bank, FSB (PyraMax Bank). PyraMax Bank is a stock savings bank, which operates as a full-service financial institution, providing a full range of financial services, including the granting of commercial, residential, and consumer loans and acceptance of deposits from individual customers and small businesses in the metropolitan Milwaukee, Wisconsin, area. Its business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one- to four-family residential real estate loans, commercial real estate loans (which includes non-owner occupied commercial real estate, multi-family, owner occupied commercial real estate and one- to four-family non-owner-occupied loans), commercial loans and consumer loans. It offers variety of deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts.
1895 BANCORP OF WISCONSIN, INC. 
