One Community Bank (OCB) announced its upcoming merger with Intercity State Bank (Intercity).
Steve Peotter, OCB’s president and CEO, has served on the Intercity board of directors for the past 10 years, and the two banks have partnered on projects in the Wausau area. OCB and Intercity are also both owned by the same shareholder group.
Intercity currently has bank locations in Schofield, Weston, and Wausau. All three locations will continue to serve clients after the merger and become branches of One Community Bank. All Intercity employees will retain their roles.
The merger is subject to regulatory approval and is planned to be finalized later this year.
