WEBSTER CITY — Van Diest Investment Company, of Webster City, and NorthStar Bancshares, of Estherville, have announced an agreement under which Van Diest will acquire NorthStar Bank and Agency.

The transaction is expected to close by Nov. 30, 2021, pending regulatory approval.

“We are excited about the pending acquisition of NorthStar Bank. We are pleased to have the opportunity to work with this group as they have shown strong commitment to the communities and customers they serve,” said Bob Van Diest, President of Van Diest Investment Company. “NorthStar is highly regarded in their trade area. Scott Taylor, president and CEO of NorthStar Bank, and the entire NorthStar team will continue the outstanding customer service and local decision making that customers have enjoyed since 1997.”

Scott Taylor, president of NorthStar Bancshares, Inc. and NorthStar Bank said, “Our customer relationships are our top priority in what we do and who we are at NorthStar Bank. The NorthStar Team of employees is the backbone of our commitment to our customers and the communities we serve. From the day that we established NorthStar Bank, Bob Van Diest and his family, along with Dave Taylor, President and CEO of their flagship, First State Bank have been there as a strong partner.”