FARGO, N.D. -- Community First Bankshares Inc. said it signed a definitive agreement to acquire Worthington Bancshares Inc., parent of First National Bank in Worthington, Minn.
An agreement in principle was announced last December. The companies expect to close the acquisition, which includes an insurance agency, in the fourth quarter.
First of Worthington, with assets of $75 million, is the largest bank in a southwest Minnesota community of 10,000. It would merge into Community First National Bank of Windom, Minn., whose assets would rise to $140 million.