Mohave State Bank Announces Expansion With Recent Country Bank Acquisition

Mohave State Bank Announces Expansion With Recent Country Bank Acquisition
RSM Team / 17 Aug 2016 / No Comments » Comments

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Mohave State Bank further strengthened its position as the largest community bank headquartered in Arizona with its recent acquisition of Yavapai County-based Country Bank. On July 31, the two banks merged operations.

“We are pleased to announce the completion of the merger and to welcome Country Bank’s shareholders, customers, and employees to Mohave State Bank,” said Brian M. Riley, President/CEO of Mohave State Bank. “This is a strategic combination and we are excited to bring together two well-respected community banks with similar philosophies, cultures and community focus.”

The combined bank will continue to foster a company culture of community engagement and personalized customer attention. Customers of both banks will benefit from access to a larger branch network, a broader array of financial products, and the latest in technology tools. Shareholders should see greater efficiency, profitability and returns from a combined bank with $570 million in total assets.

Founded in 1991, Mohave State Bank is celebrating its 25th anniversary in October. Country Bank, founded in 2003, recently celebrated its 13th anniversary. Two board members from Country Bank, M.P. “Brut” Brutinel and Benjamin Andre, were appointed to the Boards of Directors of Mohave State Bank and State Bank Corp. of Arizona.

“Mohave State Bank continues to focus on building the premier community banking franchise in Arizona and we believe, with this combination, the bank will be even better positioned to grow, serve our customers, and create strong returns for our shareholders,” Riley said.

For more information, visit www.mohavestatebank.com or on facebook @MohaveStateBank

Mohave State Bank is a member FDIC.

Country Bank Locations and Office Hours: https://www.countrybankaz.com/

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