Bank Midwest has partnered with Tony Weiss of Sherburn to develop their Sherburn bank office, a transaction that closed on January 3, 2023.
“As technology has changed banking, our current Sherburn branch is simply too big,” said Tom Lytle, Executive Vice President at Bank Midwest. “We believe Tony will invest in the building to bring more services to Sherburn. I see this is a win for both entities. Bank Midwest plans to stay in Sherburn, but ultimately, we need an appropriately sized footprint.”
The 8,500 square foot facility is located at the corner of West 1st St. and North Main St. “Our goal for the Bank Midwest building is to create spaces that bring more businesses to Sherburn. And we’ll remodel the apartments that are above the main structure to provide additional housing to the area,” said Tony Weiss. “It’s a magnificent building that’s been on Main Street since the late 1800s. It holds many possibilities, and we’re excited that Bank Midwest has partnered with us to make it a reality.”
Bank Midwest is an employee-owned organization with 11 locations throughout Iowa, Minnesota and South Dakota. The financial institution has assets exceeding $1 billion, and is a full-service financial institution offering loans and traditional FDIC-insured accounts, as well as insurance, investment and trust services. *Investments and insurance services are not deposits, not FDIC insured, not guaranteed by the bank and may go down in value.