Two Northwoods banks to merge

Wallet with cash
File photo.

MARINETTE -  Two Northwoods banks plan to merge.

Marinette-based Stephenson National Bank & Trust and Wausaukee-based Bank North announced the agreement Wednesday.

The merger of Bank North into Stephenson is subject to regulatory approval. When complete it will result in 8 community focused banking offices.

The deal is expected to be finalized in the fall of 2014. Until that time, both banks will operate independently. Bank customers will receive notice of any potential changes that may affect them.

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