Heartland Bank announced today it has entered into an agreement to purchase First National Bank of Fairbury (FNF), Fairbury, Neb. and Jefferson County Bank (JCB), Daykin, Neb.
The purchase is subject to regulatory approvals, which are expected by the fourth quarter of 2018. When the purchase is final, both FNF and JCB will bemerged into Heartland Bank and their locations will become branches of Heartland Bank.
“We are delighted to have the opportunity to expand our presence in Nebraska and welcome the customers, employees and communities served byFirst National Bank and Jefferson County Bank to the Heartland Bank family. We look forward to continuing our mutual commitment to relationship banking, family ownership and building strong relationships with our customers and communities,” said John Wilkins, CEO/ Chairman of HeartlandBank.
The purchase continues the tradition of serving customers with a full suite of banking services, along with new additions such as a larger lending limit, anationwide ATM network and an industry leading trust company. Heartland Bank will continue to be headquartered in Geneva, Nebraska, and John Wilkins will remain Chairman and CEO. Jerry Knispel will continue to serve as Branch President of Fairbury, and Barry Schweer will continue in his role ofBranch President in Daykin.
“The shared values of the banks, including family-ownership, customer service, community support and an emphasis on the agricultural industry makes the purchase a natural fit. They will provide a common foundation for us as we work to bring our organizations together,” said Vernon Pfaff, Chairman of FNF and JCB.
Watch The Interview With Tiffany Pfaff of First National Bank