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Home Federal Savings Bank in Rochester, Minn., has been freed from a supervisory agreement with the Office of the Comptroller of the Currency.
February 18 -
The Federal Reserve Board has taken action against ABCT Holdings in Waco, Tex. and terminated regulatory orders with two Minnesota lenders.
August 8
KleinBank in Chaska, Minn., has agreed to buy Prior Lake State Bank in Minnesota.
The $1.6 billion-asset KleinBank said it expects to buy the $207 million-asset Prior Lake by the end of this year. Financial terms were not disclosed.
KleinBank plans to evaluate all 35 Prior Lake employees, though it expects to keep as many as possible, says Barb Croxen, KleinBank's vice president of marketing.
"We feel fortunate to have been able to align with a bank that is family owned like we are and that shares our commitment to community banking," Bob Barsness, Prior Lake's chief executive, said in a press release.