Fast-growing F&M Bancorp of Kaukauna, Wis., announced plans Tuesday to acquire BancSecurity Corp. of Marshalltown, Iowa, for $145 million in stock.

The deal-valued at 2.5 times book value - would boost F&M's assets to $2.2 billion, from $1.6 billion. It would also give the banking company a significant presence in central Iowa, where BancSecurity's three banks operate 14 branches.

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