First Gothenburg Bancshares to acquire Nebanco, Inc

DENVER - March 28, 2016 - PRLog -- First Gothenburg Bancshares, Inc., the holding company for First State Bank, Gothenburg, Nebraska and Nebanco, Inc., the holding company for Farmers State Bank, Wallace and North Platte, Nebraska, American Mortgage Company and two insurance agencies, announced the signing of a definitive merger agreement pursuant to which, First Gothenburg Bancshares, Inc. will acquire Nebanco, Inc.

E. Dean Niedan, Chairman & Chief Executive Officer of Nebanco, Inc., stated, "First State Bank is committed to being a full service community bank, serving agriculture and small businesses in their communities.  Their bank's culture will serve them well in serving our customers in North Platte and Wallace.  The Farmers State Bank in Wallace and North Platte has served its customers for over 98 years, and First State Bankhas served its customers for 110 years."

After the merger is completed, First State Bank's total assets will be approximately $450 million and will service customers in the communities of Gothenburg, Omaha, Mullen, North Platte, and Wallace.

The acquisition is subject to customary regulatory review and approval, which is anticipated in the third quarter 2016.

TransWestern Capital Markets, a Denver-based firm working on behalf of financial institutions throughout the region, served as the exclusive financial advisor to the seller in this transaction.  For more information about TransWestern Capital Markets, LLC, go to TransWesternCapital.com (http://www.transwesterncapital.com/).