MNB Financial Services in McCook, Neb., has agreed to buy Doniphan Bancshares in Doniphan, Neb.
The $418 million-asset MNB said in a press release that it expects to complete the purchase of the $149 million-asset Doniphan on June 1. The company did not disclose the price it will pay.
“This is a historic day for our organization,” Brian Esch, MNB’s president and CEO, said in the release. “I am confident that our expansion into central Nebraska will provide economic security, growth and valuable options for our customers and our staff.”
MNB said it will keep all of Doniphan’s staff members.