Christopher M. George to Acquire Greenwoods Financial Group, Inc. and Its Wholly Owned Subsidiary Greenwoods State Bank

LAKE MILLS, WI / ACCESSWIRE / July 17, 2024 – Christopher M. George and Greenwoods Financial Group, Inc. have announced a definitive agreement for the acquisition of Greenwoods Financial by Mr. George. The boards of Greenwoods Financial and Greenwoods State Bank have approved the transaction, pending shareholder and regulatory approvals. The acquisition is expected to close in Q1 2025.

Christopher M. George, with a rich background in mortgage banking, will shape strategy and enhance banking services. His leadership is expected to drive growth and innovation in Greenwoods State Bank. Bill McDonald, CEO, and Rob Cera, President, will continue leading the bank post-acquisition, ensuring stability for customers and staff.

Bill McDonald expressed optimism about the acquisition’s potential for growth. Investments in people and technology are planned to enhance banking relationships and customer service. These developments aim to increase deposits and foster stability, maintaining Greenwoods State Bank's strong market presence.

Advisors on the transaction include Sullivan & Cromwell LLP and RSM US LLP for Christopher M. George, and Reinhart Boerner Van Deuren s.c. for Greenwoods State Bank.