Dubuque, Iowa-based Fidelity Bank & Trust is set to expand in the central part of the state next month by acquiring Sigourney-based County Bank..Financial details of the acquisition have not been released. As of late July, County Bank had $237 million in assets, $201 million in deposits and $195 million in net loans and leases. Fidelity Bank & Trust has $2 billion in assets, $1.7 billion in deposits and $1.3 billion in net loans and leases. Founded in 1884, County Bank operates six locations in Sigourney, Deep River, Gibson, Hartwick, Montezuma and Williamsburg. Fidelity Bank & Trust operates 30 locations across eastern Iowa, southwest Wisconsin and western Illinois.County Bank President Dan O’Rourke called the acquisition “an incredible opportunity for the growth of banking services in our communities. While this is a bittersweet time for many of our customers, employees and shareholders, Fidelity Bank & Trust shares the same ideals of community banking as County Bank.”
