Wipfli Corporate Finance Advisors, LLC is pleased to congratulate Prairie Bancshares, Inc. on the recent sale of its wholly owned subsidiary, First Community Bank, to PSB Financial Shares, Inc., the holding company of PrinsBank.
First Community Bank had $84.5 million in assets as of June 30, 2025, and operates in Lester Prairie and Silver Lake, Minnesota. PrinsBank had $221.3 million in assets as of June 30, 2025, and has locations in Prinsburg and Champlin, Minnesota. The combined assets of these two wholly owned banks are anticipated to increase to over $300 million following completion of the deal.
Wipfli Corporate Finance Advisors, LLC served as the exclusive financial advisor to Prairie Bancshares, Inc. and First Community Bank on the transaction, with Winthrop & Weinstine, P.A. serving as legal counsel. Fredrikson & Byron P.A. served as legal counsel to PSB Financial Shares, Inc. and PrinsBank.
The financial terms of the agreement were not publicly disclosed.
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