“VisionBank of Iowa and Legacy Bank are two relationship-focused financial institutions that have rich histories, extremely compatible cultures and a shared commitment to helping our customers achieve financial success,” said Brad Pfaltzgraff, Chief Operations Officer of Legacy Bank. “As a combined organization, we will be in an even stronger position to invest, grow and innovate in talent, capabilities and services that will enhance an already superior customer experience and further set us apart as a market leader here in Central Iowa”
“Legacy’s leadership team and colleagues not only mirror the VisionBank mission, vision and values, they also offer exceptional consumer and commercial banking services,” said VisionBank of Iowa President and CEO, Heather Miller. “We are confident that the powerful synergies, additional market coverage and financial strength this partnership creates will drive long-term success, and we are excited about combining the outstanding legacies of two strong, customer- and community-focused organizations.”
The transaction is expected to close in late 2022. Financial details of the merger transaction were not disclosed.