HF Financial Corp. of Sioux Falls, S.D., said it would buy Dakota State Bank for an undisclosed cash sum.

Dakota State Bank, based in Colman, S.D., has $50 million of assets and five branches. HF Financial, with $559 million of assets, is the parent of Home Federal Savings Bank, which operates 19 branches. The deal, announced last week, is expected to close during the first quarter.

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.