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Brodhead Bancshares closes purchase of Farmers & Merchants Bank of Orfordville

Brodhead Bancshares Inc., the holding company of Bank of Brodhead, has completed its purchase of Farmers & Merchants Bank of Orfordville.

Farmers & Merchants Bank of Orfordville is now a subsidiary of Brodhead Bancshares and will be merged with and into the Bank of Brodhead at a future date.

Olsen Palmer LLC served as the exclusive financial adviser to Farmers & Merchants Bank of Orfordville in the transaction.

Terms of the transaction were not publicly disclosed.