Clarkson Bancshares to Acquire Clarkson Bank | News
Clarkson Bancshares, LLC, a holding company headquartered in Clarkson, today announced that it has reached an agreement with Clarkson Management Company to acquire Clarkson Bank.
The board of directors of both companies has unanimously approved the transaction, which has been cleared by the appropriate banking regulators and will take place in the second quarter of 2022.
“Our goal for Clarkson Bank to remain a locally owned bank and continue to serve Clarkson and the surrounding region has been achieved,” said Chairman and Chief Executive Officer Tom Schulze. “Clarkson Bank is an experienced agricultural, commercial and consumer lender with a long history and deep roots in Clarkson. I started with Clarkson Bank in 1973, became president in 1978, and look forward to retiring and spending more time with my family. I am also pleased to announce that upon closing of the transaction, Adam Cerv, our current Chief Financial Officer and Cashier, will be the new President and Chief Executive Officer, James Bunner, Vice President and Senior Lender, and John Dietrich, Vice President and Loan Officer. ”
“We will continue to be a strong community bank that is focused on providing excellent customer service and has a deep commitment to Clarkson and the surrounding region. We are grateful for the opportunity to continue Clarkson Bank as a local bank,” said Adam Cerv.
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