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Frandsen Financial completes purchase of Peoples Bank Midwest
StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity
Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity
StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk – Episode 69: Banks left with pockets full of cash and few places to go
Arden Hills, Minn.-based Frandsen Financial Corp. completed its acquisition of Peoples Bank Midwest on Oct. 7, according to the Hayward, Wis.-based bank's website.
Peoples Bank Midwest was a subsidiary of Hayward Bancshares Inc. before the sale.
As of June 30, Frandsen Financial had total assets of $1.72 billion and Peoples Bank Midwest had total assets of $384.5 million, according to S&P Global Market Intelligence data.