Adrian State Bank and Premier Bank Merge to Expand Financial Services and Reach

Adrian State Bank and Premier Bank of Rock Valley, Iowa, have announced a strategic merger aimed at strengthening their financial services and geographic reach. This union will create a larger banking entity with enhanced technological capabilities, a broader product portfolio, and an expanded branch network, benefiting customers in Adrian and neighboring areas. Premier Bank currently operates five branches across Iowa and South Dakota, and the merger will increase the combined assets to over $750 million. Additionally, Adrian Insurance Agency will merge with Premier Insurance, enabling the combined firms to provide comprehensive property, casualty, crop, life, and health insurance coverage across Minnesota, Iowa, and South Dakota. The new entity intends to preserve the personalized service and local decision-making that clients value, while offering increased resources. Subject to regulatory approval, the integration process will commence later this year, with full operational unity anticipated by early 2026. Both institutions emphasize maintaining transparent communication and uninterrupted service throughout this transition.