Granite Bank Acquires Maple Bank
May 18, 2022
Granite Bank, a family‑owned community bank based in Cold Spring, Minnesota, has entered into an agreement to acquire Maple Bank, a single‑location community bank headquartered in Champlin, Minnesota. The deal expands Granite Bank into the Twin Cities Northwest Metro and, upon closing, will increase Granite Bank's assets to roughly $240 million (subject to regulatory approval).
- Buyers
- Granite Bank
- Targets
- Maple Bank
- Industry
- Financial Services
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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