State Bank of Graymont has agreed to acquire a
The $43.5 million-asset bank would pay about $520,000 for Citizens
C. William Landefeld, Citizens' president and chief executive, said the
Ronald L. Minnaert, president of State Bank, said his company has been
"Most banks are buyers or sellers right now," he said.
"We were just waiting for an opportunity that was compatible size-wise."
Mr. Minnaert said the bank is negotiating other acquisitions.