trending Market Intelligence /marketintelligence/en/news-insights/trending/Fk5VPUsVc_Rzf_8EvuivCw2 content esgSubNav
In This List

In Minnesota, Border Bancshares closes First State acquisition

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


In Minnesota, Border Bancshares closes First State acquisition

Greenbush, Minn.-based Border Bancshares Inc. on Dec. 14 completed its acquisition of First State Bank of Clearbrook, CEO Robert Hager told S&P Global Market Intelligence.

First State is expected to merge into Border State Bank in the fourth quarter of 2018, but the two will operate under separate charters prior to that integration.

First State had $49.6 million in assets as of Sept. 30; Border State had $499.9 million.