Overview

Barack Ferrazzano served as legal counsel to F&M Community Bank, a Preston, Minnesota-based community bank, in connection with its announced agreement to be acquired by Profinium Financial Holdings, the Fairmont, Minnesota-based parent of Profinium Bank. Financial terms of the transaction were not disclosed. The transaction is expected to close in 2027.

F&M Community Bank has $211.1 million in total assets, four branches, $184 million in deposits, and $148 million in loans. Profinium Financial Holdings is the parent of Profinium Bank.

Barack Ferrazzano's legal team was led by Financial Institutions Group co-chair and partner Joseph T. Ceithaml, with assistance from Camryn C. Dreyer. Compensation & Benefits matters were handled by partner Andrew K. Strimaitis.

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