[Crandon, WI] – The Forest County Potawatomi Community (FCPC) has acquired a stake in Commerce State Bank of West Bend, Wisconsin.
The investment from the Tribe came as part of a successful capital raise campaign by Commerce State Bank. The initiative raised $11 million from multiple investors of common equity to support its growth and potential acquisitions by fortifying its capital position.
“This investment from the Potawatomi will allow us to continue executing our strategy to better serve communities and businesses in Wisconsin,” said Commerce State Bank CEO, Chairman and co-founder Joe Fazio. “We are very excited to work with a trusted partner like the Forest County Potawatomi.”
The Potawatomi will be a minority shareholder in Commerce State Bank, holding less than a 10 percent stake in the business. The investment is being done directly by the Tribe and not through any of its subsidiary businesses.