Business

Central State Bank to acquire Swisher Trust and Savings

U.S. 100 dollar banknotes REUTERS/Valentyn Ogirenko/Illustration
U.S. 100 dollar banknotes REUTERS/Valentyn Ogirenko/Illustration

Elkader-based Central State Bank said Thursday it would acquire Swisher Trust and Savings next year.

The transaction is subject to approval from regulators and shareholders of Swisher Trust and Savings, Central State said in a statement. It expects to close the deal by the end of this year.

Central State has branches in Cedar Rapids, Coralville, Marquette, McGregor, Walford and two in Elkader.

Swisher Trust will be rebranded once the deal is closed.

l Comments: (319) 398-8366; dan.mika@thegazette.com

Give us feedback

We value your trust and work hard to provide fair, accurate coverage. If you have found an error or omission in our reporting, tell us here.

Or if you have a story idea we should look into? Tell us here.

CONTINUE READING

Give us feedback

We value your trust and work hard to provide fair, accurate coverage. If you have found an error or omission in our reporting, tell us here.

Or if you have a story idea we should look into? Tell us here.