Associated Bank sells two branches in Minnesota
Associated Bank has sold two of its Minnesota branches, along with agricultural loans and deposits from another branch.
Merchants Bank, based in Winona, Minn., has reached an agreement to buy AssociatedÃ¢;Â€Â™s branches in Rushford and Lanesboro, Nicole Koremenos, a spokeswoman for Associated, said in an email to The Business Journal. The agreement also includes agricultural loans and related deposits from AssociatedÃ¢;Â€Â™s Red Wing branch. Associated will continue to operate the Red Wing branch.