United Bank of Iowa Acquires Rolfe State Bank
United Bank of Iowa, headquartered in Ida Grove, has reached an agreement to purchase, pending regulatory approval, Rolfe State Bank of Rolfe, Iowa. The expected closing date is April, 2019.
Owen C. Bolte, President & CEO of United Bank of Iowa, stated, “With offices in Storm Lake, Rockwell City, Fort Dodge, and Pocahontas, adding an office in Rolfe is a nice fit for this market area. Customers will enjoy the convenience of additional locations and services and can expect the same friendly service they are accustomed to.”
Bolte continued, “As the largest ag bank in Iowa, United Bank of Iowa has a strong commitment to support local farmers, families, and business people while taking an active role in the communities it serves.
Rob Dixon, Chairman & CEO of Rolfe State Bank, added, “On behalf of the Rolfe State Bank and my family, we want to thank our loyal customers for the trust they have placed in us for over 65 years. We are confident United Bank of Iowa will provide the financial products, convenience, and personal service necessary to help our customers reach their financial goals.
United Bank of Iowa, wholly owned by the holding company, Ida Grove Bancshares, Inc. of Ida Grove, Iowa, has assets exceeding 1.5 billion dollars. With its main office in Ida Grove, United Bank of Iowa has 30 offices serving rural west central Iowa.