FAIRBURY – Heartland Bank announced Monday that it reached an agreement to purchase Jefferson County Bank in Daykin, and First National Bank of Fairbury.
The purchase is expected to close around the end of the year and is subject to regulatory approvals. After the purchase, Heartland Bank will have full-service locations in both Fairbury and Daykin.
John Wilkins, CEO and Chairman of Heartland bank is excited about the opportunity to expand their presence in Nebraska. “We look forward to continuing our mutual commitment to relationship banking, family ownership, and building strong relationships with our customers and communities.”
The purchase continues First National Bank’s tradition of serving customers with a full suite of banking services, along with new additions such as a larger lending limit, and nationwide ATM network, and an industry leading trust company.
Heartland Bank will continue to be headquartered out of Geneva and John Wilkins will remain chairman and CEO. Jerry Knispel will remain branch president of Fairbury, and Barry Schweer will continue in his role of branch president in Daykin.
Vernon Pfaff, Chairman of FNF and JCB is pleased to have found a bank much like their own to continue their traditions. “The shared values of the banks, including family ownership, customer service, community support, and an emphasis on the agriculture industry makes the purchase a natural fit.”
Heartland Bank is Headquartered in Geneva and has been a family-owned community bank since 1899. First National Bank in Fairbury has been chartered since 1883 and employs around 40 with Daykin.