Northern MN banker reflects on exurban Minneapolis acquisition

Fifteen years ago, Grand Rapids State Bank crossed the $250 million in asset mark to become the 40th largest bank in Minnesota. Around that time, Noah Wilcox, president, CEO and chair of the bank and its holding company, Wilcox Bancshares, gathered his board for strategic visioning. He anticipated ongoing industry consolidation and wondered how GRSB would grow — or what might happen if it did not . . .

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