Wipfli Corporate Finance guides sale of First Community Bank to PSB Financial Shares, Inc.
PSB Financial Shares, Inc., the parent company of PrinsBank, and Prairie Bancshares, Inc., the parent company of First Community Bank, jointly announced the signing of a definitive stock purchase agreement whereby PSB Financial Shares, Inc. will acquire First Community Bank.
The transaction, which has been approved by the board of directors of each company and is subject to shareholder and regulatory approval, is expected to close late in the third quarter of 2025 or early in the fourth quarter of 2025.
Wipfli Corporate Finance Advisors, LLC acted as financial advisor, and Winthrop & Weinstine, P.A. served as legal counsel to Prairie Bancshares, Inc., while Fredrikson & Byron, P.A. served as legal counsel to PSB Financial Shares, Inc.
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