Northwest Bank has entered into an agreement with Liberty Bank to purchase its branch locations in Spirit Lake and Arnolds Park.
The purchase is subject to regulatory approval. Northwest Bank intends to complete the purchase by March 31. Before that time, customers will receive a letter providing additional details concerning their accounts.
Greg Post, president and chief executive officer of Northwest Bank, said, "This opportunity supports our strategic plan of growing in an area that we are familiar with and to continue to provide safe and secure financial products and services. Northwest Bank has local ownership that is truly committed to our customers, employees and supporting the communities we serve. These are the core values that represent Northwest Bank. We look forward to expanding our presence in Spirit Lake and Arnolds Park and we will work hard to provide banking excellence for our new customers."
Northwest Bank operates 16 banking locations in Iowa and Nebraska - including Fort Dodge - with assets of more than $862 million. Iowa.