Press Release: Star Bank to Acquire Community Development Bank
STAR BANK WILL ACQUIRE HANCOCK BRANCH OF COMMUNITY DEVELOPMENT BANK
MAPLE LAKE - Star Bank is pleased to announce the acquisition of Community Development Bank in Hancock, Minnesota. The acquisition is set to be completed in late March 2024. This acquisition will fit nicely within Star Bank’s existing branch footprint. With $380 million in assets, Star Bank currently serves its vast Central Minnesota customer base with offices in Big Stone, Grant, Todd, Traverse, Wadena, Hennepin, and Wright counties.