Twin Cedars Bank expands into Des Moines

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Twin Cedars Bank announced the opening of a new office in Des Moines, located at 2222 Grand Ave. Suite 200, set for Feb. 20. Twin Cedars, a wholly-owned subsidiary of Twin Cedars Bancorp Inc., was founded in 1892 as the Bank of Bussey. The bank has $77 million in total assets and $126 million in assets under management. The Des Moines location is the bank’s fourth Iowa office, with other locations in Bussey, Lovilia and Oskaloosa as well as providing services digitally in more than 24 states. “We are thrilled to be expanding our physical footprint into Des Moines and Central Iowa,” Rudy Fors, chairman, president & CEO of Twin Cedars Bank, said in a prepared statement. “We look forward to supporting the thriving commercial and small business enterprises, as well as growing our community, in and around the metro.”