The boards of directors for the Community Bankers of Wisconsin and the Wisconsin Bankers Association are pleased to announce the merger of the two organizations. The memberships of both organizations voted overwhelmingly for the two to merge.
"Banks play a critical role as an economic driver in Wisconsin. That’s why it is so important we have one united voice speaking on our behalf to address the common challenges all banks face," explained Jerry O’Connor, Chairman of the Community Bankers of Wisconsin. "Combining our strengths, we will have a single organization focused on supporting the continued longevity of Wisconsin banks."
"This is truly an historic moment in Wisconsin’s banking industry," said Robert Cera, Chairman of the Wisconsin Bankers Association. "A strong, united trade association is better able to assist its membership. That means member banks will be in an even stronger position to help businesses grow and families prosper in the Badger State."
The combined organization will operate under the name of the Wisconsin Bankers Association. The executive staff leadership will include Rose Oswald Poels, as president/CEO; Daryll Lund as executive vice president/chief of staff; and Mike Semmann as executive vice president/chief operations officer.
These three individuals, along with the current vice presidents of WBA, will comprise the senior leadership team for the merged association. The headquarters will be in the building currently owned by WBA.
It is expected that the merger will close on February 27, 2015 with a not to exceed closing date of March 31, 2015.