The Bank Slate


First Bancshares in Minn. to buy Maple Bank

First Bancshares in Cold Spring, Minn., has agreed to buy Maple Bank in Champlin, Minn.

First Bancshares, the parent of the $145 million-asset Granite Bank, did not disclose the price it will pay for the $95 million-asset Maple. The deal is expected to close early in the third quarter. 

Granite Bank will enter Minnesota‚Äôs Hennepin County when the acquisition is completed. 

Barack Ferrazzano Kirschbaum & Nagelberg advised First Bancshares. Clifton Larson Allen and Fredrikson & Byron advised Maple Bank.

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