Merchants and Manufacturers Bancorporation, Inc. Completes the Acquisition of Random Lake Bancorp, Limited BROOKFIELD, Wis. and RANDOM LAKE, Wis., Aug. 12 /PRNewswire-FirstCall/ -- Merchants and Manufacturers Bancorporation, Inc. (OTC:MMBI) (BULLETIN BOARD: MMBI) ("Merchants") and Merchants Merger Corp. announced today that the two organizations have completed the acquisition of Random Lake Bancorp Limited ("Random Lake"). The shareholders of Random Lake approved the acquisition at the annual meeting held on August 11, 2004. Under the terms of the merger, Random Lake shareholders will receive 78.34 shares of Merchants common stock and $304.66 cash for each share of Random Lake common stock they own. Based on Merchants recent stock price of $30.50, Random Lake shareholders will receive total consideration of $11.5 million. Random Lake serves as a one-bank holding company for Wisconsin State Bank. Wisconsin State Bank has total assets of $94.8 million with four locations in Wisconsin. The bank's main office is located in Random Lake, just 35 miles northwest of Milwaukee. The bank also has a branch location just a few miles east of Random Lake in Belgium. In addition, Wisconsin State Bank has a significant presence along the Mississippi River with two locations in Prairie Du Chien, WI. Speaking on behalf of Merchants, Chairman Michael Murry stated: "We are delighted to be joined by an organization such as Wisconsin State Bank, with their talented staff and a proven history of community involvement. In addition, the branch locations of Wisconsin State Bank are a natural extension of our current franchise though their unique presence on both sides of the State of Wisconsin." Harold Mueller, Chairman of Random Lake noted: "Our employees will be further enabled to serve our customers and our communities by combining the resources and strengths of Merchants with those of Wisconsin State Bank. We now have the ability to provide additional products and services to our customers while enhancing our strong community banking culture. We eagerly await the many opportunities ahead of us." Merchants & Manufacturers Bancorporation, Inc. is a multi-bank holding company headquartered in Brookfield, Wisconsin, a suburb of Milwaukee. Merchants operates six banks in Wisconsin (Lincoln State Bank, Franklin State Bank, Grafton State Bank, Community Bank Financial, Fortress Bank of Westby and the Reedsburg Bank), one bank in Minnesota (Fortress Bank, N.A.) and one bank in Iowa (Fortress Bank of Cresco). The bank subsidiaries operate 39 offices in the communities they serve. In addition, Merchants offers residential mortgage services through CBG Mortgage, Inc., a full range of investment and insurance products through Link Community Financial Services, LLC and tax consultation and tax preparation services through Keith C. Winters & Associates. Merchants' shares trade on the "bulletin-board" section of the NASDAQ Stock Market under the symbol "MMBI." Certain statements contained in this press release constitute or may constitute forward-looking statements about Merchants which we believe are covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. This release contains forward-looking statements concerning the Corporation's prospects that are based on the current expectations and beliefs of management. When used in written documents, the words anticipate, believe, estimate, expect, objective and similar expressions are intended to identify forward-looking statements. The statements contained herein and such future statements involve or may involve certain assumptions, risks and uncertainties, many of which are beyond the Corporation's control, that could cause the Corporation's actual results and performance to differ materially from what is expected. In addition to the assumptions and other factors referenced specifically in connection with such statements, the following factors could impact the business and financial prospects of the Corporation: general economic conditions; legislative and regulatory initiatives; monetary and fiscal policies of the federal government; deposit flows; disintermediation; the cost of funds; general market rates of interest; interest rates or investment returns on competing investments; demand for loan products; demand for financial services; changes in accounting policies or guidelines; and changes in the quality or composition of the Corporation's loan and investment portfolio. Such uncertainties and other risk factors are discussed further in the Corporation's filings with the Securities and Exchange Commission. The Corporation undertakes no obligation to make any revisions to forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release. DATASOURCE: Merchant and Manufacturers Bancorporation, Inc. CONTACT: Michael J. Murry, Chairman of Merchants & Manufacturers Bancorporation, Inc., +1-414-425-5334, or Jeff Mueller, President of Wisconsin State Bank, +1-920-994-4362 Web site: http://www.communitybancgroup.com/

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