Heartland Financial USA Inc. in Dubuque, Iowa, is combining the charters of two banks.

The $4.1 billion-asset company said Wednesday that it will merge First Community Bank in Keokuk, Iowa, into Dubuque Bank and Trust. First Community's three branches are to retain their brand. Heartland said it expected to complete the consolidation in the second quarter.

Lynn Fuller, Heartland's chairman, president and chief executive, said in a press release that the charter consolidation would "create efficiencies" tied to operating costs, audit fees and insurance premiums.

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