Cozad, Neb.-based Homestead Bank is acquiring First State Bank in Randolph, Neb. .Homestead Bank filed an FDIC application May 13. The deal is expected to be finalized this summer. Financial terms of the deal were not disclosed. As of early January, the single-branch First State Bank had $79 million in assets — of which $55.7 million was in net loans and leases — and $56.8 million in deposits. As of the end of last year, Homestead Bank had $521 million in assets — of which $368 million are in net loans and leases — and nearly $400 million in deposits.
