Acquiring Company
Barnes Bancorp
Acquired Company
Community State Bank
IowaIowaFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
NBA player Harrison Barnes is acquiring Community State Bank in Paton, Iowa, for approximately $25 million. Through his company, Barnes Bancorp, he aims to enhance community banking. The transition will ensure that the bank’s name and staff remain unchanged, preserving its legacy. This acquisition showcases Barnes's long-term investment strategy in the financial sector.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Community State Bank?
Community State Bank was acquired by Barnes Bancorp, based in Iowa. The deal was reported on August 30, 2026. Barnes Bancorp is a company founded by NBA player Harrison Barnes. It focuses on strategic investments in the financial sector, particularly community banking. Barnes Bancorp is privately held and operates in Financial Services.
When did Barnes Bancorp acquire Community State Bank?
Barnes Bancorp's acquisition of Community State Bank was reported on August 30, 2026. NBA player Harrison Barnes is acquiring Community State Bank in Paton, Iowa, for approximately $25 million. Through his company, Barnes Bancorp, he aims to enhance community banking. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Community State Bank do?
Community State Bank is a local bank located in Paton, Iowa. It serves the banking needs of the local community. The bank has a history of supporting local businesses and individuals. It aims to provide accessible banking services to its customers. It is privately held, operating in Financial Services, and is based in Iowa.
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