Great Western Bank expanding in Iowa, More than 50 branches - KSFY News - Sioux Falls, SD News, Weather, Sports

Great Western Bank expanding in Iowa, More than 50 branches

Posted: Updated:

Great Western Bank is expanding its reach in Iowa with more than 50 branches after it acquired First Federal Savings Bank of Iowa.

Great Western Bank is adding 11 more locations to serve people in Ames, Ankeny, Burlington, Clive, Fort Dodge, Mount Pleasant, Nevada, Perry and West Des Moines.

Great Western Bank announced in March it was acquiring First Federal. Shareholders of North Central Bancshares, Inc., First Federal's parent, are receiving approximately $41.5 million in connection with the transaction.

"The addition of First Federal was a natural move for us. It was a solid bank with a strong share of deposits," said Ken Karels, Great Western Bank's President and CEO. "The new branches will complement the locations we already have in Iowa and allow us to offer our services to more customers in the state."

According to a news release, Great Western Bank is also interested in the market potential for agricultural lending in Iowa, which is the second largest agricultural producing state in the U.S.

"We are excited to offer the enhanced lending capability of a regional bank to our new customers, while maintaining the relationship focus of a community-based bank, where lending decisions are made in-branch," said Doug Bass, Iowa regional president of Great Western Bank.

  • Kadoka man killed south of Phillip

    Kadoka man killed south of Phillip

    Friday, April 18 2014 2:43 PM EDT2014-04-18 18:43:59 GMT
    A Kadoka man died in a one-vehicle crash on S.D. Highway 73 about five miles south of Philip today. Jeremiah Iron Moccasin, 54, was northbound driving a 1981 Chevrolet K10 pickup. On a curve, the vehicleMore >>
    A Kadoka man died in a one-vehicle crash on S.D. Highway 73 about five miles south of Philip today.More >>
  • Big Sioux Falls bar fight ends with three people in custody

    Big Sioux Falls bar fight ends with three people in custody

    Friday, April 18 2014 1:56 PM EDT2014-04-18 17:56:52 GMT
    Three men are in custody after a large bar fight in Sioux Falls.It happened Friday morning around 1 a.m. at Bigs Sports Bar on West 12th Street.Sioux Falls Police say when they arrived, there were an estimatedMore >>
    Three men are in custody after a large bar fight in Sioux Falls.More >>
  • Absentee voting begins in South Dakota

    Absentee voting begins in South Dakota

    Friday, April 18 2014 1:47 PM EDT2014-04-18 17:47:02 GMT
    We're still more than a month away from the primary election, but South Dakotans can begin voting for their favorite candidates. Friday marks the first day of absentee voting for the June 3 primary. "ToMore >>
    Military and overseas voters have the option of using a new system called iOASIS.  It turns a 60 day process into less than a 5 minute transaction.
    More >>
  • Public gives a "thumbs-up" to Christian theme movies

    Public gives a "thumbs-up" to Christian themed movies

    Friday, April 18 2014 1:45 PM EDT2014-04-18 17:45:37 GMT
    Instead of sitting in a church pew this Good Friday, many people may find themselves in a different seat. Right now movie theaters are offering several Christian flicks, and people are taking advantage. ‘Noah,'More >>
    Instead of sitting in a church pew this Good Friday, many people may find themselves in a different seat. Right now movie theaters are offering several Christian flicks, and people are taking advantage.More >>
  • Long line for Eric Church tickets

    Long line for Eric Church tickets

    Friday, April 18 2014 11:24 AM EDT2014-04-18 15:24:33 GMT
    Eric Church fans showed up in force to buy tickets for the country music star's performance at the Denny Sanford Premier Center.Tickets went on sale Friday morning, and a long line formed at the arenaMore >>
    Eric Church fans showed up in force to buy tickets for the country music star's performance at the Denny Sanford Premier Center.Tickets went on sale Friday morning, and a long line formed at the arenaMore >>
  • Vermillion man dead in two-vehicle crash

    Vermillion man dead in two-vehicle crash

    Friday, April 18 2014 11:15 AM EDT2014-04-18 15:15:52 GMT
    A Vermillion man is dead after a two-vehicle crash in southeastern South Dakota.According to the South Dakota Highway Patrol, the accident happened Thursday night at the intersection of S.D. Highways 50More >>
    A Vermillion man is dead after a two-vehicle crash in southeastern South Dakota.More >>
  • Easter display for Make A Wish

    Easter display for Make A Wish

    Friday, April 18 2014 10:45 AM EDT2014-04-18 14:45:25 GMT
    A Sioux Falls family is using an Easter Display to help raise money for the Make A Wish foundation of South Dakota. Homeowner Greg Nosbush lives along 5700 S. Holbrook Avenue where he has decorated hisMore >>
    A Sioux Falls family is using an Easter Display to help raise money for the Make A Wish foundation of South Dakota.More >>
  • Man in custody after 3-hour standoff in Rapid City

    Man in custody after 3-hour standoff in Rapid City

    Friday, April 18 2014 9:58 AM EDT2014-04-18 13:58:15 GMT
    Charges are pending against a 37-year-old Rapid City man arrested after a standoff with police that lasted more than three hours.    Authorities say the Thursday afternoon standoff at a mobile home beganMore >>
    Charges are pending against a 37-year-old Rapid City man arrested after a standoff with police that lasted more than three hours.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KSFY. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service or our EEO Report.