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(KNSI) – A central Minnesota bank is expanding its reach by acquiring a community bank in the northwest Twin Cities Metro.
A press release from Falcon National Bank says it has acquired Maple Grove Eagle Community Bank. The deal was finalized on April 30th.
John Herges, CEO of Falcon National Bank, called the merger “really exciting news,” adding, “Maple Grove is a growing community, and we are perfectly positioned to deliver a unique approach to serving small businesses and consumers-alike in that market.”
Falcon National Bank is a preferred lender with the Small Business Administration and was instrumental in leading businesses through securing PPP loans at the onset of the COVID-19 pandemic.