Central Bank to Acquire Bank of Naples

We're pleased to announce that we've reached an agreement with Naples Bancorp, Inc. of Naples Florida to purchase the Bank of Naples and merge the bank into Central Bank. With this acquisition, Central Bank will have $1.2 billion in total assets and 21 locations serving the greater Twin Cities metropolitan area of Minnesota and Western Wisconsin, in addition to Fort Myers and Naples in Southwest Florida.

The purchase of Bank of Naples is an exciting opportunity for Central Bank as it will allow us to expand our operations in Southwest Florida, provide greater service and a more convenient banking choice in the Naples area.

For more information on this acquisition:

Central Bank - Press Release - 2012-05-14