DES MOINES -- Shareholders of Ames Financial Corp. have approved its proposed acquisition by Brenton Banks Inc., Brenton announced.

Brenton had agreed to exchange 1.358 of its common shares for each of Ames, which owns Ames Savings Bank and has $107 million in assets. Brenton said it would complete the transaction on Oct. 1.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.