CorTrust Bank acquires bank in Minnesota

Aug. 7, 2018

CorTrust Bank has finalized the acquisition of State Bank of Delano, which is west of the Twin Cities.

That brings CorTrust to four locations in Minnesota, along with 22 locations in South Dakota.

The deal brings together two family-owned community banks with a collective 198 years in business.

“We look forward to being a leader in the Delano community as it continues to see record growth and its businesses and the community prosper,” CorTrust Bank president and CEO Jack Hopkins said.

“Our lending decisions are made locally, and the merge allows the talent of both State Bank of Delano and CorTrust Bank to create an even stronger community bank. We look forward to continuing the tradition of exceptional customer service while adding financial solutions that meet the needs of today’s consumers.”

CorTrust is a third-generation family-owned community bank with more than $875 million in assets and $98 million in equity and reserves.

CorTrust Bank acquires bank in Minnesota

CorTrust Bank has finalized the acquisition of State Bank of Delano, which is west of the Twin Cities.

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