First State Holding Co.’s Acquisition of Schneider Bancorp. and Plattsmouth State Bank

Stinson LLP represented First State Holding Co., the holding company for First State Bank Nebraska.

First State Holding Co. announced that First State has entered into a definitive agreement to acquire Plattsmouth State Bank of Plattsmouth, NE. First State anticipates the transaction will close in early Q2 2020. First State Bank Nebraska and Plattsmouth State Bank will be operated separately for a period of time.

Under the agreement, First State will acquire both Plattsmouth State Bank locations, increasing the total number of locations of First State’s subsidiary banks to 18. Additionally, Schneider Agency, an affiliate of Plattsmouth State Bank, will merge into First State Insurance Agency in a related transaction.

Plattsmouth State Bank is a customer-centric community bank and recently celebrated 115 years serving the greater Plattsmouth community. First State Bank Nebraska is a locally owned bank with $600+ million in assets and more than 15 locations throughout eastern Nebraska.

Stinson attorneys involved in the matter include Mike Lochmann (Picture) and Greg Johnson.

Involved fees earner: McGregor Johnson – Stinson Leonard Street; Mike Lochmann – Stinson Leonard Street;

Law Firms: Stinson Leonard Street;

Clients: First State Holding Co;