First State Fremont, Inc. (“First State”), the holding company for First State Bank & Trust Co., announced Thursday that First State has entered into a definitive agreement to acquire Two Rivers Bank of Blair and Arlington, NE. First State anticipates the transaction will close in the fourth quarter of 2021, subject to regulatory approval.
The transaction joins two banks that are customer-focused with long histories of commitment to their local communities.
Under the agreement, First State will acquire both of the Two Rivers Bank locations. This will bring the number of full-service locations in First State’s footprint to six.
“We are proud to expand into these two communities,” said Chuck Johannsen, President/CEO/Chairman of the Board of First State. “We care about the customers and communities we serve. Two Rivers Bank has been dedicated to excellence in customer experience and we look forward to being part of the Blair & Arlington communities. Our two organizations have had a history of working together and we feel this joining of forces will be a great fit.”
Randy Lock, President of Two Rivers Bank, agreed.
“Joining the First State family opens new doors for our loyal customers and employees,” he said. “First State is committed to furthering the care and attention our customers know and trust and we take pride in knowing that the core values, as well as community investment, will remain the same.”
Two Rivers Bank is a locally owned, community bank that has served Blair, Arlington and the surrounding area since 1890. It has more than $148 million in assets as of June 30, 2021.
First State Bank & Trust Company is a locally owned bank with more than $288 million in assets and four locations in Fremont. It has served the community since 1956.
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