Federal Bank and Bay View Federal Savings and Loan to merge
Special to The Freeman
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.