First American Bank Sale |Questions & Answers
Q. Why is First American Bank being sold?
First American Bank has been sold to Lake Shore III Corporation (owner of Hiawatha National Bank) to create a larger, stronger bank with a broader range of services for our customers. This sale allows us to be more efficient and will allow us to provide more convenient, enhancing products and services to all of our customers. Above all, we will remain a community bank with the same focus on customer service as before.
Q. Who is Lake Shore III Corporation?
Lake Shore III owns Union Bank of Blair (UBB), headquartered in Blair, Wisconsin and Hiawatha National Bank headquartered in Hager City, Wisconsin. Hiawatha National Bank has branches in the Wisconsin towns of Osceola, Glenwood City, Maiden Rock and Hudson, and will soon have another branch in Sheboygan, WI. Additionally, UBB is opening an office in Whitehall, WI.
Q. Who is Hiawatha National Bank?
Hiawatha National Bank is a community bank just like First American Bank. It is a small business oriented organization and prides itself on its lending expertise. Hiawatha National Bank and First American Bank maintain similar core values of integrity, relationship banking, local knowledge and added value service.
You can learn more about Hiawatha National Bank at:
Q. Will First American Bank's name change?
Ultimately, First American Bank will become Hiawatha National Bank but that will not happen for some time.
Q. How will the sale impact me?
There will be no immediate effects for any of our customers. You may continue to conduct your banking as you have in the past. First American Bank and Hiawatha National Bank will work together to make the transition as smooth as possible for all of our customers. As always, you will receive the best service possible. Additionally, by utilizing the lending limits of the other two organizations, First American Bank will be able to handle larger loans "in house" as the total lending limits will almost triple.
Q. When will the sale take place?
The sale took place on October 28, 2019. The sale of the Bank will have minimal impact on our customers; the only immediate change of any significance is that the shareholders owning the stock of the company has changed.
Q. How will my First American Bank account(s) be affected?
You can continue to bank just as you always have, and count on service from the same expert staff members. Your account numbers will not change, and your First American Bank checks and debit cards will continue to work.
Q. Will my account number(s) and bank's routing number change?
At this time, you may continue to use your account number(s) and the bank's routing number.
Q. How do I contact First American Bank or a banker if I have questions?
You can reach First American Bank at 715-381-8330 or 1-877-537-0531 (toll free).
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