S.B.C.P. Bancorp, Inc. (OTCPK:SBBI) agreed to acquire Union Bancorp Of Evansville, Inc. on January 4, 2019. The consideration will be paid in a combination of cash and stock. As a result of transaction Union Bancorp Of Evansville, Inc. and its subsidiary bank, Union Bank & Trust Company will merge with State Bank of Cross Plains Inc. The merger will expand State Bank of Cross Plains' presence from 10 locations in Dane County to a combined 15 locations in Dane, Rock and Green counties. The transaction is subject to regulatory approvals, approval by State Bank of Cross Plains's board, approval by Union Bancorp Of Evansville’s board, shareholders of Union Bancorp Of Evansville and customary closing conditions. The transaction has been unanimously approved by the Boards of Directors of each company and is expected to close in the second quarter of 2019. Hunton Andrews Kurth LLP acted as legal advisor to S.B.C.P. Bancorp, Inc. Godfrey Kahn acted as legal advisor to Union Bancorp. S.B.C.P. Bancorp, Inc. (OTCPK:SBBI) completed the acquisition of Union Bancorp Of Evansville, Inc. on June 1, 2019.