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Centra Ventures to consolidate 3 subsidiaries

Two Centra Ventures Inc. subsidiaries have applied to merge into a third, according to the Office of the Comptroller of the Currency's website.

Under the planned restructuring of the Minnesota-based entities, Falcon National Bank will absorb State Bank of Richmond and Community Pride Bank. As of Sept. 30, State Bank of Richmond had $90.5 million in assets, Isanti-based Community Pride had $117.2 million and Foley-based Falcon had $247.6 million.

The application was filed Nov. 13.