CLARKE COUNTY STATE BANK IN OSCEOLA SIGNS A STOCK PURCHASE AND SUBSEQUENT MERGER AGREEMENT WITH FIRST NATIONAL BANK, AMES, IOWA

On April 19, 2018, Clarke County State Bank announced that it will be uniting with First National Bank, Ames, Iowa, which currently serves Ames, Ankeny, Johnston and West Des Moines.

Clarke County State Bank President, David Selene, commented, “Clarke County State Bank has been owned by a foundation in South Dakota since 1989. We are pleased to report that Clarke County State Bank will be joining First National Bank to continue providing our community banking experience.”

Selene continued, “With our financial stability and focus on providing the best customer service, we are excited to have identified First National Bank as our partner. Headquartered in Ames, First National Bank has been serving customers in Central Iowa since 1903 and has a very similar banking model to us. Our number one goal with this transition was to choose a bank that was focused on customer service, relationship-building and community banking. We couldn’t be more pleased with the decision to work with First National Bank.”

“You can expect to see the same friendly faces at the Bank and receive the same great service. The only thing that will eventually be changing is the name on the door,” said Selene.

Scott T. Bauer, President of First National Bank commented, “Clarke County State Bank and First National Bank both have a long history of expertise in community banking. We are pleased to bring this experience and knowledge together into one organization.” Bauer continued, “David Selene, President at Clarke County State Bank, along with his management team, will continue to lead the Bank Offices in Osceola and Murray. They have built a successful organization, and we are looking forward to working together with their team.”

The transition is expected to be finalized in September of 2018. Customers can expect to personally receive more information about a month prior to the conversion, but, overall, it will be “business as usual.”

More information about First National Bank and Frequently Asked Questions about the transition can be found at any Clarke County State Bank location or online at www.FNB247.com.