Iowa City Branch Closing
5/20/2023
Since 2010, Two Rivers Bank & Trust has been proud to be a part of the Iowa City community. It has been our pleasure to assist our customers with their banking and loan needs, as well as support great organizations in the community.
After careful and thoughtful consideration, we have decided to close our Iowa City branch (551 Westbury Dr, Iowa City, IA 52241) and consolidate service in Johnson County to our Coralville branch (3292 Ridgeway Dr, Suite A, Coralville, IA 52241) effective July 28, 2023.
Customers and community members will continue to have access to Two Rivers Bank & Trust’s ATM/ITM at 551 Westbury Dr, Iowa City, IA 52241 until further notice. Our ITM machines connect you with a live Two Rivers Bank & Trust teller on screen.
We look forward to continuing our relationship with you and providing quality banking and loan services at our Coralville branch. Stop by and see one of our Two Rivers’ team members today!
Lee County Bank Acquisition
6/21/2022
Frank Delaney, Board Chair of Two Rivers Financial Group, Inc., announced it will expand its banking operations into Lee County as they have entered into a definitive agreement to acquire Lee County Bank with locations in Fort Madison and West Point, Iowa from Lee Capital Corp.
“With nearly 252 combined years of service and a shared commitment to community banking, Two Rivers Financial Group, Inc. and Lee County Bank are two organizations sharing the same customer-centric banking focus and compatible cultures”, said Delaney. He continued, “Two Rivers Financial Group, Inc. is pleased to expand our footprint to serve neighboring communities and customers”.
Lee County Bank will operate as a wholly owned subsidiary of Two Rivers Financial Group, Inc. with Shane Zimmerman serving as Lee County Bank CEO and Michael Culbertson as Lee County Bank President. “Customers of Lee County Bank will continue to be served by the same banking professionals they have grown accustomed to”, said Delaney.
“With a community bank headquartered in Burlington, IA, the addition of Lee County Bank is a natural fit for Two Rivers Financial Group, Inc. Two Rivers has a great deal of respect for the Lee County Bank team and the banking relationships they have built. Lee County Bank’s tradition of providing outstanding customer service is one we plan to continue”, said Cristy Schmidt, Board Chair of Two Rivers Bank & Trust.
“We have a strong interest in southeast Iowa and a strong commitment to continue providing the same trusted services Lee County Bank customers expect. I look forward to working with the Lee County Bank team and learning more about their operations and providing support and additional services through Two Rivers Financial Group, Inc.”, said Zimmerman.
“We believe that our customers will be well served with Lee County Bank under the umbrella of Two Rivers Financial Group, Inc.’s organization”, said Kevin Koellner, Board Chair of Lee Capital Corp. Henry Merschman, Board Chair of Lee County Bank, said, “We believe that this transaction is a good fit for the customers, team members, communities and shareholders of Lee Capital Corp.”.
“It has been a pleasure working with Lee County Bank directors Henry Merschman and Kevin Koellner. Both have the utmost respect for the Lee County Bank team and their professionalism. We look forward to welcoming Lee County Bank into Two Rivers Financial Group, Inc.’s organization”, said Delaney.
The transaction remains subject to regulatory approval and other closing conditions and is expected to be completed at the end of third quarter 2022.