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First Gothenburg to buy Foundation First in Nebraska bank merger

First Gothenburg Bancshares in Gothenburg, Neb., has agreed to buy Foundation First in Waterloo, Neb.

The $1.2 billion-asset parent of Dayspring Bank expects to buy the holding company for the $200.9 million-asset Foundation First Bank in the second half of this year. The price was not disclosed.

Olsen Palmer advised Foundation First.

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