Loading

52°F

54°F

52°F

48°F

50°F

55°F

52°F

58°F

50°F

53°F

58°F

52°F
Search
NEWS STORIES

Peoples State Bank will buy Northwoods National BankSubmitted: 01/23/2014

Karolina Buczek
Reporter/Anchor
kbuczek@wjfw.com


RHINELANDER - Northwoods National Bank customers will start using a new bank soon.

Peoples State Bank will buy Northwoods National.

The group will buy all of Northwoods' assets, active loans and deposits.

Bank leaders say the transition should be easy for Northwoods customers.

"The transition from being part of Northwoods to now being part of Peoples
State Bank is going to be very seamless because we've got the same type of data
system both banks are working off of presently," said Tom Knudsen, Peoples
Northern Region President.

Northwoods' customers will get the same statements from Peoples State.

Peoples State will also buy the Northwoods' building on Lincoln Street.

That means Rhinelander will have two peoples state bank locations.

"They'll be able to bank in Minocqua, Eagle River and Rhinelander so hopefully
that will help provide conveniences for them because I know they have a lot of
customer base that is outside of the city of Rhinelander. So that's going to be
a real plus," said Knudsen.

The merger is expected to be approved by March.

Peoples State Bank has been in Rhinelander since 1998.


Text Size: + Increase | Decrease -
Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS

MINOCQUA - The run raises money for the Kiwanis Autism Project.

The project supports six local schools by giving iPads to children with Autism.

Some of the children were presented with iPads this weekend.

"This event started with a Kiwanis governor who started an autism program, because his grandchild had autism, and he realized the power of the iPad, and how effective it could be for any kid with autism," said Race Director Dan Brunette.

+ Read More

WISCONSIN - The number of organ donors in Wisconsin increased since re-launching the state's donor registry in 2010.

Five years ago, Wisconsin didn't have any registered organ donors while it transitioned to a new system. The system included legal consent for lifesaving procedures.

+ Read More

EAGLE RIVER - As the weather warms up, some trails in the Northwoods need to be groomed to prepare for the summer season.

+ Read More

WISCONSIN - Bag limits for panfish could change on about 95 Wisconsin lakes. The majority of those lakes are in Northern Wisconsin.

+ Read More

NEPAL - A second Wisconsin man who went to climb Mount Everest survived an avalanche caused by the earthquake in Nepal.

+ Read More

WAUSHARA COUNTY - A dump truck hit a restaurant in central Wisconsin Friday night, injuring six people.

+ Read More

Play Video

LAKE TOMAHAWK - In an effort to help local veterans understand the wide range of VA programs and services available to them, the American Legion post in Tomahawk hosted an informational forum Saturday.

+ Read More
+ More General News
Search: 




Click Here