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Waterloo, Iowa-based Veridian CU agreed to acquire Eden Prairie, Minn.-based American Investors Bank and Mortgage.
The boards at both financial institutions unanimously approved the deal, which is subject to regulatory approvals and is expected to close in July 2023.
S&P Global Market Intelligence valuations for bank and thrift targets in the Midwest region between Dec. 6, 2021, and Dec. 6, 2022, averaged 150.18% of book...