Two Community Banks Officially Merge June 1

State Bank of Cross Plains Grows to 15 Locations in Three Counties

MADISON, Wis.–(BUSINESS WIRE)–Effective as of June 1, State Bank of Cross Plains (SBCP) and Union Bank
& Trust Company (UB&T) officially began operating as one organization on
June 1. The merged financial institutions will expand SBCP’s presence
from 10 locations in Dane County to a combined 15 locations operating in
Dane, Rock, and Green counties, with total assets topping $1.25 billion.

SBCP’s President, Jim Tubbs and former UB&T President Steve Eager report
very little disruption to the customers and the communities familiar
with both banks:

• Nothing changes regarding loans.
• Relationships handled by either bank’s Wealth Management group will
  continue to be handled in the same professional manner as always.
• The Agricultural Services division has grown.

“I’ve known the leaders at SBCP for decades and have always respected
them,” shares Eager. “When my family chose to reduce our level of
involvement at UB&T, it gave us all peace of mind to know we could hand
the reins over to another bank who also believes in growing local
businesses and truly cares about helping the people and families who
live and work in these communities.”

SBCP offers a full range of business and personal financial services,
including business, real estate, agricultural, and consumer lending,
crop insurance, wealth management, and financial advisory services.

Contacts

SBCP Bancorp, Inc.
Jim Tubbs, (608) 798-3961

Union Bancorp of Evansville, Inc.
Steve Eager, (608) 490-2251