Union Bank of Sparta

Union Bank of Sparta was established on January 1, 1934, originally under the name Union National Bank & Trust Company. Over the years, the institution underwent several significant changes. On June 28, 1971, the main office relocated to 124 West Oak Street in Sparta, Wisconsin. On April 1, 2019, the bank changed its name to Union Bank of Sparta and transitioned its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC). This date also marked a shift in its classification to a state-chartered bank, following its withdrawal from membership in the Federal Reserve System. The bank continued operations until January 1, 2020, when it merged with River Bank in Stoddard, Wisconsin, effectively becoming part of that institution.

Below is a list of some important events in banks history, including mergers and acquisitions.

1934-01-01Institution established. Original name: Union National Bank & Trust Company.

1971-06-28Main Office moved to 124 West Oak Street, Sparta, WI 54656.

2019-04-01Institution withdraws from membership in the Federal Reserve System.

2019-04-01Changed Chartering Agency to State.

2019-04-01Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2019-04-01Changed Primary Federal Regulatory Agency to FDIC.

2019-04-01Changed Institution Name to Union Bank of Sparta.

2020-01-01Merged and became part of River Bank in Stoddard, WI.