Community First Bank to acquire Lancaster branch of Wisconsin Bank & Trust

Boscobel, Wis.-based Community First Bank, a wholly owned unit of Boscobel Bancorp Inc., will acquire Madison, Wis.-based Wisconsin Bank & Trust's branch in Lancaster, Wis.

Community First Bank will assume all of the deposits of the Lancaster branch under a purchase and assumption agreement.

The deal is scheduled to complete in July, subject to regulatory approval.

Boardman & Clark LLP was the legal counsel for Community First Bank. Edelman & Co. Ltd. was the financial adviser and Ballard Spahr LLP served as legal counsel for Wisconsin Bank & Trust.

Wisconsin Bank & Trust is a subsidiary of Heartland Financial USA Inc.