Donald R. Mengedoth, president of Community First Bankshares, has proved that one bank's castoffs are another bank's treasures.

The Fargo, N.D., company-which he formed 10 years ago from 21 rural branches First Bank System Inc. no longer wanted-has consistently delivered stellar financial results while pursuing an aggressive acquisition strategy.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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