Dupaco Neighborhood Borrowing from the bank Connection acquires possessions, assumes on debts regarding House Offers Bank

DUBUQUE, Iowa, and MADISON, Wis.-Dupaco People Credit Union have a tendency to improve solution so you can its increasing subscription for the southwestern and central Wisconsin just after finishing the purchase of your own assets and expectation of debts off Domestic Deals Lender, a wholly-owned part out-of Domestic Bancorp Wisconsin, Inc. House Savings Bank have a tendency to today begin the process of liquidating pursuant so you can Wisconsin laws. Following liquidation regarding House Deals Financial, Family Bancorp have a tendency to break down pursuant so you’re able to Maryland corporate laws and you will spread its leftover assets so you can the stockholders.

Your order tend to build Dupaco’s Wisconsin part place of work footprint in order to Dane State, by adding a couple organizations when you look at the Madison, Wis. The mixture can lead to an increase in Dupaco’s subscription to nearly 149,000 and you may asset legs so you can whenever $dos.9 million.

Dupaco Chairman and you may President Joe Hearn said the connection try a keen noticeable social and you can geographical match that will create improvements to have Dupaco people and you may Domestic Savings Bank users

For most our very own 125-year background, Home Savings Lender is planned while the a mutual institution, that have a focus on offering the people and you will all of our community, told you Jim Bradley Jr., board president and ceo out of Home Bancorp Wisconsin. Continue reading →