First Business Financial Services (FBIZ) of Madison, Wis., said Friday that it is acquiring the parent company of Alterra Bank in Leawood, Kan., for roughly $30.1 million in cash and stock.

The deal for the $211 million-asset Aslin Group would be the first-ever acquisition for First Business, a two-bank holding company with offices in Madison, Milwaukee and other Wisconsin cities. It would give the $1.3 billion-asset First Business two branches in the Kansas City market, where it already operates a national equipment finance business.

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