McCook, Neb.-based MNB Financial Services, Inc., is acquiring The Bank of Doniphan, Neb., and its holding company Doniphan Bancshares, Inc.
MNB Financial Services is the holding company of the $417.7 million MNB Bank. The $148.5 million Doniphan Bank has Nebraska locations in Hastings, Grand Island and Doniphan, and also operates Doniphan Insurance Agency. MNB Bank will keep all staff members following the merger’s June 1 completion. Following the merger, MNB will manage more than $560 million in total assets in six communities.
“This is a historic day for our organization,” said Brian Esch, MNB Bank president and CEO. “We are very excited for the partnership with Bank of Doniphan and Doniphan Insurance Agency. I am confident that our expansion into central Nebraska will provide economic security, growth, and valuable options for our customers and our staff in all communities we serve.
“Bringing together these two great companies makes sense and will benefit customers living and working in our communities.”