Eastwood Bank to purchase Austin branches of Community National - PostBulletin.com: Local Business

Eastwood Bank to purchase Austin branches of Community National

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Posted: Monday, July 8, 2013 5:08 pm

Rochester-based Eastwood Bank has agreed to purchase two Austin branches of Waterloo, Iowa,-based, Community National Bank.

Eastwood Bank will acquire deposits of approximately $36.8 million and loans of approximately $30.8 million, according to QCR Holdings, the Moline, Ill.,-based holding company of Community National Bank. The transaction, subject to regulatory approval and customary closing conditions, is expected to be completed in the fourth quarter.

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