Stoughton-based Evergreen State Bank’s four branches were closed on Friday, but will reopen on Saturday as branches at McFarland State Bank, according to the FDIC.
FDIC officials said they entered a purchase and assumption agreement to protect customers.
Customers of Evergreen State Bank will automatically become depositors of McFarland State Bank, according to FDIC officials.
Customers of Evergreen State Bank should continue to use their existing branch until they receive notice from McFarland State Bank that it has completed systems changes to allow other McFarland State Bank branches to process their accounts as well.
Friday evening and over the weekend, customers of Evergreen State Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.