Announcement

Park State Bank and Pioneer National Bank to Merge

Two century-old Duluth banks to combine forces


MINNEAPOLIS, Minn. and DULUTH, Minn. — Minneapolis-based Park Financial Group, Inc. and Pioneer Bank Shares, Inc. jointly announced today the execution of a definitive purchase agreement under which Park State Bank and Pioneer National Bank will merge. When completed, this transaction will position the merged organization with four locations throughout Duluth, one location in Minneapolis and a full array of mobile and online banking services.


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