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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.