Northwest Financial Corp. Announces the Purchase of Century Bank in Shenandoah, IA.
posted
on Tuesday, November 26, 2019
in
Community News
ARNOLDS PARK, IA - Northwest Financial Corp. announces their charter bank First National Bank in Creston has entered into an Agreement to purchase Century Bank, located in Shenandoah, Iowa. The purchase is subject to regulatory approval.
Northwest Financial Corp. intends to complete the purchase by Friday, April 17, 2020.
Greg Post, President of Northwest Financial Corp. stated, “This acquisition opportunity supports our company’s strategic plan of growing in area’s that we are familiar in and continue to uphold our values of helping families meet their financial goals.” Post continued, “Northwest Financial Corp. is one of Iowa’s largest family-owned bank holding companies, and we look forward to providing Century Bank customers value through outstanding customer service, intuitive technology solutions and competitive product and services.” “We sincerely look forward to adding the Shenandoah community to our banking family.”
Northwest Financial Corp. is owned by brothers Neal and Dwight Conover and their families. Northwest Financial Corp. is a two bank, financial services holding company. The banks include Northwest Bank and First National Bank in Creston. They collectively hold close to $2.0 billion in assets and have 23 offices throughout western Iowa and eastern Nebraska and employ 425 team members. Other entities within Northwest Financial Corp. include Northwest Wealth Management, LLC and Northwest Insurances Services.