Community Financial Corp., the parent company of Community Savings Bank, has acquired Linn County State Bank. This acquisition marks another milestone for Community Savings Bank, as it recently completed a merger with Garnavillo Savings Bank in November of 2015.
Steve Brady, President of Community Financial Corp said. “Linn County State Bank is a solid community institution. This addition gives us a broader presence in Marion/Cedar Rapids, Coggon and the entire Linn County market to better serve our customers.”
Community Savings Bank is chartered in Edgewood with offices in Manchester, Earlville, Dyersville, Greeley, Robins, Cedar Rapids and Garnavillo. Linn County State Bank currently has two locations— Coggon and Marion.
This will allow Community Savings Bank to offer a wider range of traditional and mobile banking services along with community support in more communities.
“We are eager to become involved in both Coggon and Marion to share our great products, community support, educational efforts and community banking,” said Brady.
Discussions for this merger started last fall. Brady believes the staff will blend well together and provide exceptional customer service and products for the entire area.