First Federal Bank and Bay View Federal Savings and Loan to merge

Special to The Freeman

March 26, 2014

WAUKESHA Waukesha's First Federal Bank of Wisconsin and Milwaukee's Bay View Federal Savings and Loan Association announced on March 18 that they have entered into an agreement to merge.

The merger, which is subject to regulatory approval, is expected to be completed by mid-2014 and will result in a combined federal savings association that will have approximately $255 million in total assets.

The new association will retain the First Federal Bank of Wisconsin name as well as its home offices, at 1617 E. Racine Avenue in Waukesha.

Both banks have a rich history in Wisconsin the First Federal Bank was created in 1922 and now has three offices in Waukesha, while Bay View Federal began in 1915 and has one office in Milwaukee, which will become a branch for First Federal after the merger.