Loading
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

Play Video

RHINELANDER - Frederick Place in Rhinelander celebrated a big accomplishment Saturday night.

The homeless shelter has now been open for five years.

While some people thought there were not enough people in need for Frederick Place to be useful, more than 500 people have been helped by Northwoods Alliance for Temporary Housing.

+ Read More

Play Video

EAGLE RIVER - One couple took their love of hockey to a whole new level this weekend.

Kim Riley and Joe Vrtis came to Eagle River to play in the USA Pond Hockey Tournament.

The hockey-loving couple from Chicago thought it would be a great place to do their engagement photos.

+ Read More

Play Video

WESTON - The state of Wisconsin no longer bans the possession or purchase of switchblades.

Gov. Scott Walker (R-Wis.) signed a bill lifting the decades-long ban on switchblades on Saturday at a 
National Rifle Association and Wisconsin FORCE annual convention in Weston.

Walker said this gives people another option for protection, and it also can help first responders at accidents.

"Say at a crash to take someone out of a harness or seat belt or other things like that," Walker said. "And again, the bottom line is as it is with firearms, the people you are worried about are already possessing these, law abiding citizens should at least have access to that in the state of Wisconsin."

This new law applies only to people who are legally eligible to own a gun.

"The same provisions apply," Walker said. "If someone's prohibited from possessing a firearm, say they're a felon, they are not able to possess a firearm the same way with a knife under the senses. But with a law abiding citizen, it just makes sense that if they're following the law, they're looking to protect themselves and their families, this gives them one more tool to do that as well as first responders."

Under this new bill people can also carry concealed knives of any length without a concealed carry license.

FORCE, or Firearm Owners, Ranges, Clubs and Educators, is an association chartered by the NRA. 

+ Read More

Play Video

EAGLE RIVER - Teams from all over the country came to Eagle River this weekend for the USA Pond Hockey Tournament.

One team even made their way from California.

+ Read More

MADISON - Gov. Scott Walker is set to sign a bill that would allow people to carry concealed switchblades and knives.

The governor plans to sign the measure Saturday afternoon at the National Rifle Association and Wisconsin FORCE's annual convention in Weston. Wisconsin FORCE, or Firearm Owners, Ranges, Clubs and Educators, is an NRA-chartered association that advocates for the right to bear arms.

+ Read More

Play Video

PARK FALLS - Volunteers at Catkins Animal Rescue in Park Falls work holidays, early mornings, and countless hours.

But they say the hard work is worth it. 

"We call it volunteering, but it's basically you're an unpaid employee," said Catkins Animal Rescue Director Laura Stroud.

+ Read More

Play Video

PARK FALLS - The Northwoods snowfall this week set up great conditions for cross country skiing in the Chequamegon-Nicolet National Forest.

"With the recent snow that we got this past week, things are really starting to shape up pretty nice," said Chequamegon-Nicolet forestry technician Brady Howe.

+ Read More
+ More General News
Search: 




Click Here