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RANDOLPH — Officials with First State Bank announced this week the Randolph-based bank is being sold.
The announcement was made through a joint press release from First State Bancorp, Inc., the holding company of First State Bank, and C.S.B. Co., the holding company of Homestead Bank in Cozad. The full statement appears on Page 6 of this week’s Randolph Times.
Under the agreement, First State Bank will be merged into Homestead Bank, with Homestead Bank serving as the surviving entity.
The transaction has been approved by the board of directors of both companies and is expected to close in the third quarter of 2026, pending customary closing conditions, including shareholder and regulatory approval.
First State Bank Chairman and President Mark Linville said the move is expected to benefit the Randolph community.
“We are very excited about the growth opportunities that the proposed merger with Homestead Bank brings to the table,” Linville said. “Our two organizations share strong cultural and business ethics. We are both committed to our customers and our communities, and this partnership will only serve to enhance our commitment to the communities we serve.”
