Regional News
Talmage, Neb., bank being sold, president says
Published Wednesday, July 08, 2009 at 03:47 PM
TALMAGE, Neb. (AP) _ A rural southeast Nebraska bank is being sold. Lora Damme, president and principal owner of Tri Valley Bank in Talmage, says a Nebraska-based group is buying her bank. Damme declined to disclose the terms of the deal. Pending regulatory approval, the sale is expected to close within 60-90 days. The bank, which is also known as Talmage Banking Center, has about $5 million in assets and four employees. The bank is a community bank that supports area farmers. Damme says she decided to sell because she has several other businesses and wants to simplify her life. Two other banks Damme co-owns in Randolph and Essex, Iowa are not being sold.


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