MINNEAPOLIS, June 30, 2020 /PRNewswire/ -- Park Financial Group, Inc., a Minneapolis-based holding company, announced today it has entered into a definitive agreement to acquire Mesaba Bancshares, Inc. (Mesaba) through the purchase of 100% of Mesaba's shareholder shares. Mesaba's banks, American Bank of the North, one of only three Minnesota Banks on Forbes' "Best Banks in Each State" list for 2020, and The Lake Bank, will join forces with Park State Bank, S&P Global Intelligence's top performing community bank in Minnesota for three years running. Once closed, the combined entity will have over 20 locations and hold assets approaching $1 billion.
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