Posted on

community bank cbd delavan wi

01/17/2015 – Merged into and subsequently operated as part of Town Bank (34717) in Hartland, WI

10/01/2019 – Changed institution class to Insured Commercial Bank, National, Member FRS

Acquired by Town Bank

HISTORY OF COMMUNITY BANK CBD

Below is a list of some important events in banks history, including mergers and acquisitions.

Community Bank CBD was established in August 1996 and headquartered in Delavan, Wisconsin. Community Bank CBD was classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC. Community Bank CBD is no longer doing business under that name. To view branches, routing numbers, phone numbers and business hours; you can check Town Bank page.

COMMUNITY BANK CBD REVIEWS & COMPLAINTS

09/25/2007 – Changed name to Community Bank Cbd

10/01/2019 – Changed name to Town Bank, National Association (34717)

The transaction is not expected to have a material effect on Wintrust’s 2015 earnings per share.

Forward-Looking Information

Since its formation in 1996, CBD has a history of serving its community. CBD has approximately $210 million in assets and approximately $168 million in deposits. CBD’s four banking facilities are located in Delavan, Lake Geneva, Clinton and Sharon, Wisconsin.  CBD’s approach to customer service is similar to that at each of our fifteen Wintrust Community Banks and their more than 135 banking locations. Like the Wintrust banks, CBD emphasizes high quality products and prides itself on superior, highly personalized customer service.

Michael J. Murphy, President and CEO of Community Bank CBD, stated, “We are excited to begin our partnership with a successful organization that is like-minded in its philosophy of offering individually focused customer-oriented retail and commercial banking services with financial capabilities to support further expansion.”  Mr. Murphy emphasized that “the transaction allows us to focus on serving our customers, while at the same time providing them with access to a wider range of products and services. We are pleased to join the Wintrust family.”

Edward J. Wehmer, President and CEO of Wintrust, said, “This transaction allows us to expand and complement our growing market presence in southeastern Wisconsin. We look forward to continuing with the community banking approach that CBD has established and to providing local communities with an expanded array of products and services.” 

Terms of the Transaction

Robert W. Baird & Co. Incorporated acted as exclusive financial advisor to Delavan in the transaction. Boardman & Clark LLP acted as Delavan’s legal advisor and Schiff Hardin LLP served as outside counsel to Wintrust.