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The South Dakota company will soon be completely independent from National Australia Bank. The plan for now is to produce consistent results while scouting deals as the bank nears a key regulatory threshold.
June 30 -
First Dakota National Bank in Yankton, S.D., has agreed to buy a branch from HF Financial in Sioux Falls, S.D.
April 16 -
Security National Bank in Sioux City, Iowa, said Thursday that it has agreed to purchase First Trust & Savings Bank in Moville, Iowa.
December 4
First State Associates in Hawarden, Iowa, has agreed to buy Miner County Bank in Howard, S.D.
The $134 million-asset First State and the $47 million-asset Miner County filed the agreement with the Federal Reserve Board this month. Financial terms of the deal have not been disclosed.
The banks expect the deal to close later this quarter or early in the fourth quarter, according to
First State already operates three branches in South Dakota through its Farmers State Bank. Its First State Bank has one branch in Iowa.
Miner County operates two branches, in Canova and Howard, S.D.
