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Northwest Bank Purchases Shenandoah Bank

6 years ago in Local

Northwest Bank Purchases Shenandoah Bank

Photo: Saga Communications


Spencer, IA (KICD) — Northwest Financial Corporation has announced the purchase of another bank.

President Greg Post says the company’s charter bank, First National in Creston, has agreed to buy out Century Bank in nearby Shenandoah. He says the acquisition supports the company’s strategic plan of growing in familiar markets.

Northwest Financial Corporation is owned by brothers Neal and Dwight Conover and their families. They are approaching 2 billion dollars in assets, and have 425 employees in 23 offices across western Iowa and Eastern Nebraska.

The sale is subject to regulatory approval. Post hopes to complete the deal on Friday, April 17th.

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Story © 2019 - Images © 2019 Saga Communications

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