MidCountry Bank acquires Riverside Finance assets.

MINNETONKA, Minn.  (06-03-11) MidCountry Finance, a Division of MidCountry Bank (MCB), recently acquired a portion of all non-real estate secured assets and offices in Minnesota of Riverside Finance, Inc. The acquisition complements MCB's existing business model, expanding its product offerings in Minnesota and ability to service a growing customer base.

"This acquisition provides MidCountry Bank the opportunity to serve thousands of former Riverside customers, while allowing us to expand our product offerings in Minnesota," said Steve Meads, president of MidCountry Bank. "MidCountry Bank is excited about the opportunities for growth and expanding the products we offer to new customers that this transaction will provide."

As of June 6, 2011, all six Riverside Finance offices in Minnesota will begin operating under the MidCountry Finance brand. Existing Riverside customers should continue utilizing their former Riverside Finance office location and services, just as they always have, unless notified differently.