Stearns Bank in Minn. to buy One American Bank in South Dakota

Stearns Bank in St. Cloud, Minn., has agreed to buy One American Bank in Centreville, S.D.

The deal was announced on LinkedIn by Performance Trust Capital Partners, which represented Stears Financial Services. The price wasn’t disclosed.

Stearns has $3.5 billion of assets, while One American has $385.1 million of assets.