Cedar Valley merges charters

Cedar Valley Bankshares, Charles City, Iowa, merged its two subsidiary charters at the beginning of December..The holding company bought the $70 million Hampton State Bank in October 2014 and announced plans to merge the bank with its $448 million First Security Bank & Trust..The bank's single branch in Hampton, Iowa, was converted to a First Security branch on Dec. 4 and will feature Interactive Teller Machines, allowing for expanded hours of operation.."We are excited for the opportunity to expand our presence in the Franklin County area. Hampton State Bank's commitment to their community and building lifetime relationships with their customers is a tremendous fit with our culture," said Kurt Herbrechtsmeyer, president and CEO of the now $517 million First Security. "We are eager to continue serving the unique loan, investment and deposit needs of Franklin County."