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Bank Plus Purchase



Estherville, IA (KICD)--Bank Plus has entered into an agreement to purchase the State Bank of Ledyard.

Bank Plus President and CEO John Folsom commented, “The ownership and employees of the State Bank of Ledyard have served the financial needs of their community and surrounding area for many years, particularly their local agricultural community. Bank Plus is a similar locally owned community bank serving an adjacent area with a diverse selection of safe and secure financial products and services. The combination of both banks will only enhance the ability for us to continue to serve our present and future customers.”

The two banks will have combined assets of $115 million with offices in Estherville, Graettinger, Swea City and Ledyard.

The sale is anticipated to close prior to the end of 2012 and is subject to regulatory approval.


 

Story Copyright KICD/KLLT 2012
Filed Under :  
Topics : Business_Finance
Social :
Locations : Estherville, Swea City
People : John Folsom

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