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Heartland purchases Community Banc-Corp
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MONROE - Wisconsin Bank and Trust, a subsidiary of Heartland Financial USA, Inc., announced Thursday that Heartland will buy Community Banc-Corp of Sheboygan, Inc., parent company of Community Bank and Trust in Sheboygan, in an all-stock transaction valued at approximately $52 million. Wisconsin Bank and Trust is based in Madison and has a branch office in Monroe. The agreement, which has been unanimously approved by the boards of directors of both companies, specifies outstanding shares of Community Banc-Corp will be converted into shares of Heartland common stock.