Baylake’s Acquisition of Union State Bank Finalized

Baylake Corporation, the holding company for Baylake Bank, has announced the completion of its acquisition of NEW Bancshares, Incorporated and, by extension, Union State Bank. The transaction was finalized on Friday, the culmination of six months of negotiations. The agreement means that, starting Monday, three Union State Bank facilities, in Green Bay, Kewaunee and Two Rivers, will open as branches of Baylake Bank. The operation of another Union State Bank branch in Kewaunee will be consolidated with the Baylake Bank branch office located at 519 Main Street in Kewaunee. Baylake Bank is also inviting employees and the community to attend an open house celebrating the merger on Tuesday, December 15th, from 5PM to 6:30PM, at the Kewaunee financial center at 519 Main Street.

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