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Western State Bank purchases Central Arizona Bank

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Western State Bank has announced the purchase of Central

Arizona Bank located at 7001 N. Scottsdale Road, Suite 1000 in Scottsdale, Ariz..

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Central Arizona Bank was approximately $31 million in total assets. Western

State Bank purchased all loans and deposits of the financial institution.

Western State Bank entered the Arizona market in 2007 when they opened a loan

production office in Chandler. In 2009, they became a full-service bank and opened a

new banking facility there in 2012. Western purchased National Bank of Arizona's

location in Casa Grande, AZ in 2012. Western's community-focused, relationship

banking philosophy has helped grow those two locations to over $130 million in deposits

and $120 million in loans. Over the past year, Western has generated over $30 million in

loan business in the Scottsdale area.

"By expanding into Scottsdale, Western can further expand our footprint in Arizona and

provide a competitive offering for business and personal banking customers. Western is

very excited to be in the Scottsdale community and we look forward to bringing our

relationship-style of banking to the market," said Brian Houkom, Western State Bank's

CEO.

Western State Bank is a 111 year old employee-owned, community bank with assets

totaling over $575 million. The bank offers superior full-banking services, investments,

real estate financing to personal and business customers, as well as nationwide

equipment financing services. Western State Bank's bank locations are located in the

North Dakota communities of West Fargo, Fargo, Devils Lake, and Towner and in the

Arizona communities of Chandler, Casa Grande and Scottsdale.

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