Financial Security Bank in Albertville and Kerkhoven wishes to announce that it will be acquired by Bravera Holdings Corp. (formerly American Bancor, Ltd.), headquartered in Bismark, North Dakota. Pending regulatory approval and other customary conditions, it is expected to come into effect in December.
The bank will be part of Bravera Holdings Corp. and will continue to operate independently as Financial Security Bank, with Robert Bauman remaining chairman.
“We are excited about our future with Bravera,” Bauman said. “For 137 years, we have been very proud to serve our communities. This new venture will allow Financial Security Bank to expand our services and improve the financial success of our clients. Our clients will continue to work with the excellent staff of Financial Security Bank, but will have access to even more opportunities for their banking and financial needs. We have similar values with Bravera. Our cultures of encouraging community participation will continue as we serve agricultural, small business and retail customers. “
Braver CEO Dave Ehlis said: “This partnership will continue to provide local and community banking and financial services to Kerkhoven, Albertville and the surrounding communities. Bravera is a director and employee-owned company with approximately $ 2.5 billion in bank assets as well as a $ 1.6 billion wealth management business and commercial and consumer insurance agency in full service.
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