News Column

BRIEF: BIZ BUZZ: Fargo bank announces merger

June 28, 2014

Grand Forks Herald



June 28--A Fargo banking group with a Grand Forks office will merge with a New Town, N.D., bank, the Fargo company announced Friday.

Cornerstone Holding Co. has reached a merger agreement with Lakeside Bank Holding Co. of New Town, effective in late 2014, according to a press release. Cornerstone had $238.2 million in assets as of March 31, and Lakeside had $374.2 million at the same time.

The deal makes Cornerstone one of the 10 largest financial institutions in the state, according to the statement.

Cornerstone operates a mortgage production office in Grand Forks.

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(c)2014 the Grand Forks Herald (Grand Forks, N.D.)

Visit the Grand Forks Herald (Grand Forks, N.D.) at www.grandforksherald.com

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Source: Grand Forks Herald (ND)


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