First Bancshares in Minn. to buy Maple Bank

First Bancshares in Cold Spring, Minn., has agreed to buy Maple Bank in Champlin, Minn.

First Bancshares, the parent of the $145 million-asset Granite Bank, did not disclose the price it will pay for the $95 million-asset Maple. The deal is expected to close early in the third quarter. 

Granite Bank will enter Minnesota’s Hennepin County when the acquisition is completed. 

Barack Ferrazzano Kirschbaum & Nagelberg advised First Bancshares. Clifton Larson Allen and Fredrikson & Byron advised Maple Bank.