Orange City, IA – April 30, 2021 – Vogel Bancshares, Inc (Iowa State Bank) announced today that they have entered into a definitive agreement under which Vogel Banchshares, Inc. will acquire Melvin Savings Bank from Benz Holding Co. Melvin Savings Bank will be merged with and into Iowa State Bank.Melvin Savings Bank operates two offices in Melvin and Sibley, Iowa. The merger will expand Iowa State Bank’s service area in Northwest Iowa.“We are excited about this partnership and look forward to welcoming Melvin Savings Bank’s teammates and customers to Iowa State Bank,” stated Iowa State Bank’s . . .
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