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BankFirst completes acquisition of Iowa-Nebraska State Bank

Norfolk, Neb.-based BankFirst has completed its acquisition of South Sioux City, Neb.-based Iowa-Nebraska State Bank, effective Dec. 10, 2018.

The financial terms of the deal were not disclosed.

The combined entity will have nearly $700 million in assets, about $500 million in deposits and $500 million in loans.

ProBank Austin served as financial adviser to Iowa-Nebraska, with Managing Director Craig Mancinotti serving as lead adviser.

North Central Bancorp Inc. is the holding company of BankFirst.