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Peoples State Bank will buy Northwoods National BankSubmitted: 01/23/2014
Story By Karolina Buczek

Peoples State Bank will buy Northwoods National Bank
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.


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What We're Working OnSubmitted: 07/27/2017

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We'll bring you the details on these stories and more on our long summer weekend in Langlade County tonight on Newswatch 12 - news from where you live.

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 After more than 70 years in business, a lot has changed.

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Prosecutors filed formal charges against 51-year-old Richard Hitchcock in Oneida County Court on Thursday.

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