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Home Community Banking

Bank acquisitions announced in three states

May 12, 2026
Reading Time: 1 min read
OCC sees need for regulatory reform in bank merger process

Fidelity Ban Corp. in Independence, Iowa, has agreed to buy Welcome State Bank in Minnesota. The parent of the $2.4 billion-asset BankIowa said in a press release that it expects to buy the $44 million-asset Welcome State later this year. Welcome State also has $38.1 million in deposits.

NexTier in Butler, Pennsylvania, has agreed to buy Riverside Bank of Dublin in Ohio. The $2.9 billion-asset NexTier said in a press release that it expects to buy the $270 million-asset Riverside in the third quarter. The price wasn’t disclosed.

Tri-County Bancorp in Brown City, Michigan, has agreed to buy Mayville Financial in Mayville, Michigan. The parent of the $639 million-asset Tri-County Bank said in a press release that it expects to close the purchase of the $97 million-asset Mayville State Bank in the fourth quarter. The price wasn’t disclosed.

M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.

Tags: Mergers and acquisitions
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