In Briefs: Regulators Approve Iowa Branch Purchase

Mahaska Investment Co.'s Central Valley Bank has received regulatory approval to buy the Sigourney branch of Boatmen's Bank Iowa.

The $38 million-asset Central Valley will relocate its own Sigourney branch to the former Boatmen's office, which has $33 million in deposits and $14.5 million in loans. The deal is expected to close on June 21.

Valley is the thrift subsidiary of $211 million-asset Mahaska, which also owns a bank and a leasing company.

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