Peoples Bank of Indianola has entered into an agreement to acquire the Pleasantville State Bank.
According to a press release, the acquisition will increase resources to expand services and opportunities.
“We welcome Pleasantville State Bank customers to our Peoples Bank family,” Kevin Halterman, president and CEO of Peoples Bank said in a press release. “This is an exciting opportunity to expand into a very strong community. We have a great deal of respect for Pleasantville State Bank and we are excited to help them grow.”
Customers with Pleasantville State Bank shouldn’t expect interruptions in services during the transition.
Peoples Bank has been locally owned and operated for 15 years and has locations in Milo, Lacona and Carlisle.
Peoples Bank assets total $155 million.
Pleasantville State Bank opened in 1930 and offers a main office and drive-up facility in Pleasantville.
Its assets total $41 million.
“While I will be retiring from Pleasantville State Bank, the majority of our staff will continue working for Peoples Bank,” said Mark Prill, president and CEO in the press release. “I would like to give a special thanks to our Pleasantville State Bank customers for allowing my family to serve you for the last 45 years and I want to thank you for your business and loyalty. Our goal is to continue under local ownership with hometown values, and we find Peoples Bank to be a perfect fit.”