Minnwest Bank, a family-owned bank based in Redwood Falls, Minn., will acquire Roundbank, based in Waseca, Minn.

Minnwest Bank has 32 branches throughout Minnesota and South Dakota and $2.27 billion in assets. The bank has South Dakota locations in Big Stone City, Florence, Sioux Falls, Summit and Wilmot. Roundbank has four branches in Minnesota and $385 million in assets.

The deal is expected to close by the end of 2021. Read more.