Granite Bank

Granite Bank Acquisition

(Cold Spring, MN) —  May 18, 2022 — Granite Bank, in Cold Spring, MN, announced that it has entered into an agreement to acquire Maple Bank, headquartered in Champlin, MN.  Maple Bank is a single-location community bank founded in 2003, with assets totaling approximately $95 million.  Upon closing of the transaction, Granite Bank will have approximately $240 million in assets. Gerald Reiter, President & CEO of Granite Bank, commented, “We are proud to be acquiring Maple