Dupaco Community Credit Union has announced the finalization of an agreement to acquire assets and assume liabilities for Home Savings Bank (HSB) to expand Dupaco’s offerings in Wisconsin. The purchase will expand Dupaco’s footprint in Madison, Wisc. with two new offices and a $2.8 billion increase to their asset base. Dupaco President and CEO, Joe Hearn, says, “Dupaco and Home Savings Bank share similar values. Our combined organization will reinforce the foundation of a credit union that prioritizes the well-being of our members, employees, and communities. We recognize and value Home Savings Bank’s 125-year history, leadership, and local market expertise.” The transaction will allow Dupaco to serve new and existing members along the Dubuque-to-Madison economic corridor. If approved by stockholders from HSB’s parent company, Home Bancorp Wisconsin, and other regulatory authorities, the deal is expected to close in the second quarter of 2022.
