Geneva, Riverdale banks plan merger
Two prominent Nebraska banks — Geneva State Bank and State bank of Riverdale — announced plans this week to merge, subject to regulatory approvals.
The merger is expected to be completed before year’s end, said John Wilkins, chairman and CEO of Geneva State Bank. At that point, the organization will become known as Heartland Bank.
New signage reflecting the name change will be added in the first quarter of 2014, Wilkins said. This includes Geneva’s headquarters in Geneva and branches in Shickley, Grafton, Fairmont, Hastings and Kearney, and Riverdale’s Riverdale, Ord, and Kearney branches.
“It’s the merger of two very strong, successful banks that each have over a century of service,” Wilkins said. “We think it makes a lot of sense to both communities we serve.