The
$704 million-asset BTC said in a press release that it expects to complete the purchase
of the $148 million-asset Home Exchange later this year. BTC did not disclose
the price it will pay.
BTC
will have 16 branches after the deal closes, including its first locations in Gilman
City and Jamesport.
“For
100 years, BTC Bank has been committed to helping individuals, families,
businesses, and farmers thrive and be successful in our communities,” Doug
Fish, the bank’s president and CEO, said in the release.
“We
will take the necessary steps to ensure a smooth transition of service for our
new customers while continuing our long-term commitment to providing exemplary
service to all of the communities we serve,” Fish added.
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