Twin Cedars Bancorp acquires State Bank of Bussey

Twin Cedars Bancorp (formerly Palm Grove Bancorp) has announced acquisition of the State Bank of Bussey. With the acquisition, State Bank of Bussey officially changed its name to Twin Cedars Bank.

“Today marks an important day for our team, our customers and partners. I am truly excited about the positive impact our team will have in the communities we serve. Together, we have the opportunity to grow as a community focused organization. The acquisition will allow us to expand the product base, accelerate the bank’s growth opportunities and strengthen the bank’s financial profile for continued success,” said Rudy Fors, Twin Cedars Bancorp’s chairman and CEO.

Customers will continue to be served through their respective stores, the existing State Bank of Bussey website and its existing digital app until a full conversion is made.

With the transition, Twin Cedars Bank will celebrate 130 years in business on Aug. 2. To celebrate 130 years, Twin Cedars Bank is holding a customer and community appreciation at each store as follows:

— Oskaloosa: Aug. 4 from 4:30-6:30 p.m.

— Lovilia: Aug. 5 from 10 a.m. to 12 p.m.

— Bussey: Aug. 6 from 11 a.m. to 1 p.m.

Twin Cedars Bank is a 130-year-old community bank that offers a full line of business, agriculture, mortgage, consumer, lending and deposit services. Twin Cedars Bank has stores in Oskaloosa, Lovilia and Bussey, serving the Tri-County Area of Marion, Mahaska, Monroe Counties and beyond.

See original article here.