QCR to buy Ankeny-based Community State Bank in $80 million deal
BUSINESS RECORD STAFF May 24, 2016 | 3:37 pm
<1 min read time
0 wordsAll Latest News, Banking and Finance, Statewide NewsQCR Holdings Inc., the parent company of Quad-City Bank & Trust Co., is expanding its reach with its pending acquisition of Ankeny-based Community State Bank, the Quad-City Times reported.
Moline, Ill.-based QCR announced Monday that it will acquire the 10-branch bank from Van Diest Investment Co. in an $80 million deal.
Community State Bank has branches across the Des Moines metropolitan area, including three in Ankeny.