Merger Creating New Banking Entity in Nebraska

geneva-state-bank(AP) — The merger of two Nebraska banks will create a new banking entity: Heartland Bank.

The merger of Geneva State Bank and State Bank of Riverdale will create a bank with more than $350 million in total assets.

The merger is expected to be completed before year’s end, pending regulatory approval.

John Wilkins is chairman and CEO of Geneva State Bank, and he says the merger “makes a lot of sense to both communities we serve.”

New signage reflecting the change to Heartland Bank will be added in the first quarter of 2014.

Geneva has operations in Fairmont, Geneva, Grafton, Hastings, Kearney and Shickley. Riverdale has operations in Kearney, Ord and Riverdale.