In Wausau, Wis., River Valley Bancorp. Inc. agreed to buy Integrity First Bank.

The terms of the deal were not disclosed in the merger release.

The transaction requires approval by regulators and Integrity's shareholders. It is expected to close during the first quarter of 2017.

SNL Financial data shows that as of Sept. 30, Integrity First Bank, a unit of Integrity First Bancorp. Inc., had assets of $82.6 million. River Valley Bancorp. unit River Valley Bank had assets of $1.13 billion as of Sept. 30.

SNL valuations for bank and thrift targets in the Midwest region between Dec. 21, 2015, and Dec. 21, 2016, averaged 125.97% of book, 129.69% of tangible book and had a median of 18.33x last-12-months earnings, on an aggregate basis.

River Valley Bancorp. will expand in Marathon County, Wis., by one branch to be ranked third with a 13.84% share of approximately $3.13 billion in total market deposits.

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SNL Financial is an offering of S&P Global Market Intelligence.