Wisconsin Bank & Trust completes acquisition of Community Banc-Corp

Wisconsin Bank & Trust, a subsidiary of Heartland Financial USA Inc., has successfully closed on the acquisition of Community Banc-Corp of Sheboygan, parent of Community Bank & Trust, which serves the Sheboygan, Chilton, and Milwaukee areas.

Wisconsin Bank & Trust serves customers in Madison, Monroe, Green Bay, Sheboygan, and southwest Wisconsin. According to a release, the purchase price was about $52.8 million and was paid through the issuance of Heartland common stock to former Community Banc-Corp shareholders.