D.L. Evans Bancorp in Burley, Idaho, was the successful bidder for Idaho Banking in Boise following a bankruptcy auction.
The $1 billion-asset company announced Friday that it had entered into an asset purchase agreement to buy Idaho Banking from its bankrupt holding company, Idaho Bancorp. The deal for the $102 million-asset bank is pending approval by the U.S. Bankruptcy Court, D.L. Evans said. It is expected to close in the third quarter.