Starion Financial to purchase WPS Community Bank

Starion Financial has signed an agreement to purchase Monona’s WPS Community Bank. Based in Bismarck, N.D., Starion currently has branches in Middleton and Sun Prairie. WPS Community Bank is scheduled to come under the Starion Financial name in the first quarter of 2015, pending approvals.

Founded in January 2009, WPS Community Bank has $100 million in assets. John Hecht, current president and CEO, will continue to lead the bank. “I look forward to the growth and opportunity that Starion Financial offers us to continue to serve our customers here in the Madison area,” he said.