Roundbank Insurance Agency Merger

Roundbank Insurance Agency to Merge with Minnwest Insurance Agency, Inc.

 

Roundbank Insurance Agency and Minnwest Insurance Agency, Inc., a subsidiary of Minnwest Bank, announced the signing of an agreement to merge. Completion of the transaction is contingent on the approval of the Minnwest Bank and Roundbank merger, which is currently expected to occur by the end of 2021. After completion of the merger, Roundbank Insurance Agency will become part of Minnwest Insurance Agency, Inc. Roundbank agency staff and management, led by Chrystal Gasner, will continue to serve their customers at their current locations.

 

Roundbank Insurance Agency is an Independent Insurance Agency having served Waseca County and the surrounding area for more than 70 years. With three locations in Waseca, Waldorf, and Farmington, Roundbank Insurance Agency has significant experience in writing Personal Insurance, Commercial (Business) Insurance and Farm Insurance.

 

Founded in 1987, Minnwest Bank is a family-owned bank with 32 branches throughout Minnesota and South Dakota, with $2.27 billion in assets. Minnwest Insurance Agency, Inc. is an Independent Insurance Agency with 7 locations in Minnesota: Dawson, Lake Wilson, Montevideo, Morris, Ortonville, Slayton, and Tracy.

 

Learn more about Minnwest Bank and Minnwest Insurance Agency, Inc. at www.minnwestbank.com and Roundbank Insurance Agency at www.roundbankinsurance.com.

 

CONTACT: 

Minnwest Bank                                                                 Minnwest Corporation

Douglas Karsky, President & CEO                               Todd McVay, President & CEO

507-637-4317                                                                     952-545-8815

 

Roundbank

Larry Thompson, President & CEO

507-521-0215