In Brief: Community First Buys Colo. Bank

FARGO, N.D. - Community First Bankshares has completed the acquisition of First Community Bankshares, a five-bank, $153 million-asset Colorado holding company, in a deal valued at about $20.3 million.

Community First exchanged nearly 1.2 million shares of its common stock for all of First Community's outstanding shares.

Community First, which has $2.2 billion in assets, also acquired the Colorado company's minority 4.35% interest in First National Bank of Telluride, Colo.

Charles L. Ferguson, former chairman and chief executive of First Community, has been named senior vice president of Community First.

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