Great Western Bank and First Federal Savings Bank of Iowa to Merge
SIOUX FALLS, SD, March 13, 2012 – Great Western Bancorporation, Inc. and North Central Bancshares, Inc. (“North Central”) announced their entry into a definitive merger agreement under which Great Western Bancorporation, Inc., the parent of Great Western Bank, will acquire North Central in a series of related transactions. As part of the transactions, First Federal Savings Bank of Iowa (“First Federal”) will merge with Great Western Bank. Subject to certain conditions, under the terms of the merger agreement, upon consummation of the transactions each issued and outstanding share of