The Bank Slate

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Bravera Holdings to buy VISIONBank in North Dakota

Bravera Holdings in Dickinson, N.D., has agreed to buy VISIONBank in Fargo, N.D.

The $3.2 billion-asset Bravera said in a press release that it plans to complete its purchase of the $266 million-asset VISIONBank later this year. The price wasn’t disclosed.

VISIONBank will continue to operate under its current name.

“This is a strategic move to enhance our service capabilities and extend our reach in the Fargo region,” David Ehlis, Bravera’s president and CEO, said in the release. “VISIONBank’s established reputation, dedication to customer service, and community engagement align perfectly with our values, and we are committed to ensuring a smooth transition for their customers and employees.”

D.A. Davidson advised Bravera.

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