National Exchange Bank & Trust Chief Executive Officer Eric Stone announced today that it has reached a definitive agreement with Fortifi Bank to purchase the assets of its Westfield banking location in Wisconsin.
“We are excited about the opportunity this transaction presents to expand our presence in our Westifield community,” Stone said.
National Exchange Bank & Trust banking services in Westfield will be combined into one facility as a part of the acquisition. The transaction is scheduled to be completed in 2021, pending regulatory approval.
”We are confident that this change will provide the Westfield community long-term financial support,” said Gregory Lundberg, president and chief executive officer of Fortifi Bank. “The alignment of both bank’s core values will result in a smooth transition and maintain the high level of service clients are used to.”
National Exchange Bank & Trust, an independent, Wisconsin-based bank headquartered in Fond du Lac, Wisc., has more than $2 billion in assets and operates offices throughout Southeastern Wisconsin. It has been held in high regard as one of the highest performing financial institutions in the Midwest based on its strong balance sheet, asset management, community investment, and products and services that are meaningful to today’s financial customer. For more information, visit nebat.com or call 920.921.7700. National Exchange Bank & Trust is a member of FDIC and an Equal Housing Lender.
Fortifi Bank has been Growin’ Wisconsin for more than 144 years – one person, one business, one relationship at a time. Their full-service financial centers are located throughout central Wisconsin and offer both personal and business clients a vast portfolio of products and services. Local decision-making, community involvement, community ownership and a Board of Directors comprised of local citizens have been the driving successes of Fortifi Bank since inception. For more information, visit www.fortifibank.com or call 1-855-876-1500.