SIOUX FALLS, S.D. — Great Western Bancorp Inc. plans to acquire HF Financial Corp., the parent company of Home Federal Bank.
The deal involving the two Sioux Falls-based banking companies will create an entity with $11.3 billion in assets, $8.5 billion in loans and $8.6 billion in deposits. It will serve 127 communities in nine states.
The cash and stock transaction is valued at $19.70 per share, or about $140 million total. It’s pending regulatory approval and expected to be complete by next ...