Choice Financial Holdings in Fargo, N.D., has agreed to purchase Northland Financial in Steele, N.D.
The deal is expected to close in the third quarter, pending regulatory approval. Financial terms were not disclosed.
Choice has $942 million of assets and Northland has assets of $197 million. The deal would make Choice the sixth-largest bank headquartered in North Dakota, measured by assets.
The acquisition would give Choice its first retail branches in the state capital of Bismarck. The combined company would have 19 branches in North Dakota and one in Minnesota.