West Iowa Bank, West Bend, is expanding in the northwest part of the state by acquiring Home State Bank of Royal. .The price of the deal has not been released. As of September, West Iowa Bank’s holding company, West Bend Bancorp, had $26.7 million in assets. As of October, Home State Bank had $56.6 million in assets, $41.7 million in deposits and $31.9 million in net loans and leases. Royal is an hour west of West Bend, which is north of Fort Dodge. A press release states the merger combines two banks that focus on serving ag producers, small businesses and local families. “This agreement allows us to expand our community banking model into Royal while preserving the relationships and trust Home State Bank has built over generations,” said West Iowa Bank President and CEO Keith Deitering. “Our organizations share a common culture centered on customers, community involvement and support for rural economies.”
