State Bank merges with UB&T

State Bank of Cross Plains and Union Bank & Trust Co. merged into one bank effective June 1.

The transaction increases State Bank’s reach from 10 locations to 15, and total assets to more than $1.25 billion.

All branches will stay open with the exception of a State Bank location at 744 N. Main St. in Oregon. Since both banks have Oregon locations, that branch will close eventually and its staff will combine into the former UB&T location at 883 N. Main St.