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PF Investors applies to become BHC by acquiring PFSB Bancorp

Whitehall, Wis.-based PF Investors Inc. seeks to become a bank holding company by acquiring 100% of Pigeon Falls, Wis.-based PFSB Bancorp Inc. and indirectly acquire Pigeon Falls State Bank.

PF Investors filed its application with the Federal Reserve Bank of Minneapolis during the week ended July 21. The terms of the deal were not disclosed.

PFSB Bancorp operates one branch in Eau Claire County, Wis., ranked No. 14 with a 1.13% share of approximately $2.15 billion in total market deposits. The company also operates two branches in Trempealeau County, Wis., ranked fifth with a 7.59% share of approximately $584.4 million in total market deposits.

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