Viking Bank To Acquire First State Bank Of Ashby

Viking Financial Corporation, the holding company of Viking Bank, Alexandria (VB) announced the signing of a definitive agreement to acquire First State Bank of Ashby (FSB). FSB has one location and assets of $35 million. With this acquisition, the names of the banks will not change for the time being.

“When considering this acquisition, Viking Bank, much like First State Bank of Ashby, has a strong tradition of high quality service, building close relationships with our customers and the communities we serve”, stated Shari Laven, President of Viking Bank. “We believe our banks possess a shared commitment to our customers. Being a locally owned community bank, we look forward to working with the Ashby bank team and are excited to be partnering with FSB who has been an integral part of the Ashby community providing exceptional service for over 100 years”, stated Laven.

Lon went on to say that the ownership and operation of Rylander Insurance Agency will not be affected by this transaction.

The transaction, pending regulatory approval, is expected to be completed at some point during the 2nd quarter of 2018. The transaction should be seamless for First State Bank of Ashby customers.