FARGO, N.D. - Community First Bankshares said it has completed its acquisition of Minowa Bancshares for $36.6 million. Minowa, which had $225 million of assets in Iowa and Minnesota, was merged with Community First, which exchanged more than 2.4 million shares of common stock for all of Minowa's outstanding shares.

Community First now operates in 44 communities in Colorado, Iowa, Minnesota, North Dakota, South Dakota, and Wisconsin, with total assets of $1.7 billion.

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