The Bank Slate


First Financial in N.D. to buy Harwood State Bank

First Financial in Arthur, N.D., has agreed to buy HSB Financial in Harwood, N.D.

The parent of the $515 million-asset BankNorth did not disclose the price it will pay for the parent of the $47 million-asset Harwood State Bank. The deal is expected to close this summer.

“This purchase will be a great fit for both banks and our customers,” BankNorth CEO James Williams III told BankBeat.

“Both banks are family-owned and have a long history in the heart of prosperous agricultural and commercial areas,” he added. “We also both employ a dedicated, energetic staff driven by a philosophy of taking great care of our customers and supporting rural communities.”

Oak Ridge Financial advised HSB Financial.

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