State Bank of Cherry’s parent company completes purchase of First State Bank of Van Orin

Cherry Bancorporation Inc., the parent company of State Bank of Cherry, has completed its acquisition of First State Bank of Van Orin, effective Nov. 1, 2026, according to a news release.First State Bank of Van Orin customers will see no immediate changes to their accounts or services, the release says. They should keep banking at First State Bank of Van Orin until a system conversion planned for summer 2027.After the conversion, Van Orin customers will have access to all State Bank of Cherry branches and expanded services, according to the release. The bank says it will send customers details well before the conversion.JoAnna Engels, president and CEO of State Bank of Cherry, said the combined bank can offer customers “more resources, improved technology and additional banking solutions.”First State Bank of Van Orin was chartered in 1919 and serves northern Bureau County and the surrounding area. It has $40 million in assets, four employees, and locations in Van Orin and Malden, accor