South Dakota bank expands in Minnesota

First Bank & Trust, Brookings, S.D., is buying two Minnesota banks operating under one holding company: Peoples Bank of Commerce, and State Bank of New Prague, both owned by the Duke Financial Group, Minneapolis. The $296 million Peoples Bank of Commerce is based in Cambridge and has branches in Princeton, East Bethel, Edina and Roseville. State Bank of New Prague has one location and assets of $112 million. The name of both banks will change to First Bank & Trust. [Continue]