Post by Logan on Feb 23, 2016 8:58:22 GMT -6
Pierre based bank BankWest could hit the $1 billion in assets mark later this year, provided regulators approve a $113 million merger.
The merger between BankWest and First State Bank, which has branches in Armour, Delmont, Tripp and Geddes, was announced Feb. 22 in a news release. According to the release, First State Bank’s branches will remain open but under the BankWest banner.
“It brings us a really good organization with great people,” said BankWest President and CEO Charles Burke III.
BankWest will add First State Bank’s roughly $113 million in assets to its already $915 million asset portfolio. The merger will take the 127-year-old Pierre based business past the $1 billion in assets mark. That’s a big number but, Burke said, that’s not what matters to him.
Read more: www.capjournal.com/news/bankwest-could-hit-billion-in-assets-with-new-merger/article_76eeef3c-d9ee-11e5-998f-8bc22faf1223.html
The merger between BankWest and First State Bank, which has branches in Armour, Delmont, Tripp and Geddes, was announced Feb. 22 in a news release. According to the release, First State Bank’s branches will remain open but under the BankWest banner.
“It brings us a really good organization with great people,” said BankWest President and CEO Charles Burke III.
BankWest will add First State Bank’s roughly $113 million in assets to its already $915 million asset portfolio. The merger will take the 127-year-old Pierre based business past the $1 billion in assets mark. That’s a big number but, Burke said, that’s not what matters to him.
Read more: www.capjournal.com/news/bankwest-could-hit-billion-in-assets-with-new-merger/article_76eeef3c-d9ee-11e5-998f-8bc22faf1223.html