Sword Financial to acquire Markesan Bancshares

Sword Financial Corp. agreed to acquire fellow Wisconsin-based bank Markesan Bancshares Inc.

Markesan Bancshares unit Markesan State Bank will also merge into Sword Financial unit Horicon Bank.

The deal is expected to be completed by the third quarter.

Horicon Bank has $750 million in assets, while Markesan has $130 million in assets.

Hovde Group was the adviser and Kirk Hovde was the lead banker for the deal.

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