Comm. Bank + Associated Bank branches

Community Bank officially took over Associated Bank branches in Hy-Vee Food stores in Austin, Albert Lea and Mankato today.

The new locations will expand on Community Bank, Austin’s current locations in Austin at 805 N. Main St. and 900 18th Ave. N.W.

Robert Cooper, president and chief executive officer of Community Bank, Austin, announced in a news release that Kim Abrego will be appointed branch manager for the new Austin branch.

Community Bank opened in Austin after acquiring a local branch of Security Bank Minnesota of Albert Lea. Since opening in June 2004, Community Bank has grown to more than $35 million in assets, and opened a second Austin branch in November 2005.

Following the Associated Bank acquisitions, Community Bank will have $60 million in total assets with five branches serving three communities. The bank, supported by a local board of directors and shareholders, will employ more than 30 bankers.

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