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CorTrust Bank closes acquisition of State Bank of Delano

Mitchell, S.D.-based CorTrust Bank NA on Aug. 3 completed its acquisition of Minnesota-based State Bank of Delano, according to the Office of the Comptroller of the Currency's website.

The regulator approved the deal in June.

As of June 30, CorTrust Bank, which is majority-owned by Hopkins Financial Corp., had approximately $788.1 million in total assets, while State Bank of Delano, a unit of Delano State Agency Inc., had approximately $93.6 million in total assets, according to S&P Global Market Intelligence data.