North Shore Bank Acquisition of Layton Park Financial Group, Inc. and Layton State Bank Finalized
Official transfer includes change in branch signage and expanded services for customers
BROOKFIELD, Wis. – North Shore Bank today announced that, effective at the close of business Friday, Oct. 28, it completed its acquisition of Layton Park Financial Group, Inc. (“Layton Park Financial”) and its wholly owned subsidiary, Layton State Bank.
As a result of the acquisition, North Shore Bank now has assets of $1.8 billion and 49 branches throughout eastern Wisconsin and northern Illinois. In addition to the new Layton State Bank locations, located in West Allis, Greendale, New Berlin and Milwaukee, North Shore Bank has branch offices in metro Milwaukee, Ozaukee County, Racine, Kenosha, Appleton, Menasha, Green Bay and surrounding areas, Burlington, Union Grove, Muskego, Door County and Lake in the Hills and McHenry, Ill.
“Layton State Bank has developed an outstanding group of employees and customers, and we welcome them to North Shore Bank,” said Jay McKenna, president and chief operating officer for North Shore Bank. “This is a great combination of two well-respected community institutions that share a deep commitment to the local area. Customers will benefit from even more convenient locations and other expanded facilities and service.”
Carla Breunig, president and chief executive officer of Layton State Bank, said the transition will benefit Layton State Bank customers and employees. “North Shore Bank has always set very high standards for personalized customer service and will provide additional opportunities for our staff,” she said. “We are glad to have completed this very positive transaction.”
North Shore Bank, a federally chartered mutual savings bank, signed a definitive agreement to acquire Layton Park Financial and Layton State Bank, a state-chartered commercial bank, in June 2016. The transaction was approved by regulators and Layton Park Financial stockholders.
North Shore Bank was founded in Shorewood in 1923 and is headquartered in Brookfield, Wis. The bank is the proud multi-year recipient of American Banker’s “Best Banks to Work for” Award and the Milwaukee Journal Sentinel’s “Top Workplaces” Award. Locate a North Shore Bank office. You can also connect with the bank on Facebook, Twitter, Pinterest, and Instagram.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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