Marion County Bank will soon be acquiring Iowa State Savings Bank, in a process which is expected to be finished by November.

The purchase is subject to regulatory approval, but is expected to be finished next month; this will give Marion County Bank a footprint covering all of the county with its services, with their current location in downtown Pella, and the two Iowa State Savings Bank branches they are taking over in Knoxville and Melcher-Dallas.

Steve Kraayenbrink is the President and CEO of Marion County Bank; he tells KNIA/KRLS News he and Stu Job from Iowa State Savings Bank have been considering this for quite some time, and things finally started coming together in the past few months.

“As that progressed, we got to a point here in late fall that we decided to go ahead and try to pursue that. We’re really excited; we love the community of Pella, which I’ve served for 35 years; but I also love the idea of getting involved in the community of Knoxville and Melcher-Dallas, and bringing the same sort of things that we do to Pella, also to Knoxville and Melcher,” Kraayenbrink says.

Job is CEO of Iowa State Savings Bank; he says what the two banks have in common is a dedication to serving their respective communities, and this was the quality he was seeking when selling a bank which his family has had for decades.

“It was just critical for us when we got to the point of selling the bank that it go to somebody that would respect that tradition of community banking, and that’s Marion County Bank,” Job says.

Kraayenbrink says they intend to keep all current employees of Iowa State Savings Bank, although there may be some changes in procedures as the banks sync up their operations. And he says there will be no immediate changes for customers; all accounts and available services will remain the same.