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Two Minnesota Banks Combine Operations.(Americana National Bank of Albert Lea)(Brief Article)
American Bank has acquired Americana National Bank of Albert Lea, Minn., along with its branch in Alden, Minn., and its mortgage servicing subsidiary, AmeriNational Community Services.
Terms of the sale were not disclosed. A fourth-quarter 2004 merger is expected, however. John Seidel, president and CEO of American Bank, said the acquisition will help the bank, which operates primarily in the Twin Cities, expand into greater Minnesota.
"The people ...
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Source: HighBeam Research, Two Minnesota Banks Combine Operations.(Americana National Bank of...