FARGO, N.D. -- Community First Bankshares, a rapidly growing super community banking company, said it has a definitive agreement to purchase a 24.75% interest in Bank of Colorado Holding Co., parent of Vail Bank in Vail, Colo.

In exchange, Community First will contribute the Vail branch of Colorado Community First State Bank of Steamboat Springs, with about $5 million of assets, and approximately $3 million in cash.

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