Peoples State Bank acquires Sunset Bank & Savings
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Sunset Bank & Savings and its parent company Waukesha Bankshares, Inc. in a cash transaction, the company announced today.Terms of the deal were not disclosed.Founded in 1999, Waukesha-based Sunset Bank & Savings is a full-service privately-owned community bank with total assets of $141 million as of Sept. 30, 2020.“We’re excited to grow our community banking efforts in southeastern Wisconsin, and feel this merger is a perfect complement to our newly opened bank location in West Allis,” Peoples State Bank president and chief executive officer Scott Cattanach said in a statement. “Sunset Bank’s customers will find Peoples to be a strong community bank, with excellent customer service standards, and all the digital products normally found at regional or national banks.”Following the acquisition, Sunset’s single location in Waukesha will convert to the Peoples State Bank brand in June of 2021, ac