American Bank Enters Merger Agreement with Farmers & Merchants Union Bank
Jewel Box Financial Services, Inc. (“Jewel Box”), the holding company of Columbus-based Farmers & Merchants Union Bank (“FMUB”), and Ambanc Financial Services, Inc. (“Ambanc”), the holding company of Beaver Dam-based American Bank of Beaver Dam (“American Bank”), have jointly announced that they have entered into an agreement and plan of merger whereby Jewel Box will acquire Ambanc subject to customary shareholder and regulatory approval. Jewel Box will then merge American Bank into FMUB and the surviving bank will operate under the Farmers & Merchants Union Bank name.