Adrian State Bank, Premier Bank announce their merger

Adrian State Bank and Premier Bank, of Rock Valley, Iowa, announce their merger in a press release issued Monday.

The merger will result in expanding resources, enhancing technology, and delivering greater value to customers in Adrian and the surrounding communities, the press release said. Premier Bank has five branches across Iowa and South Dakota. The merger will grow the combined footprint to more than $750 million in total assets.

Adrian Insurance Agency will also merge with Premier Insurance, which together will offer property and casualty, crop, life and health insurance in Minnesota, Iowa and South Dakota.

Subject to regulatory approval, the integration process will begin later this year with full operational alignment expected to be completed in early 2026, the press release said. Both banks remain committed to transparent communication and uninterrupted service for all customers throughout the process.