ORION, Ill. – Orion Bancorporation, Inc., the parent company of BankORION, announced they have completed their acquisition of Bridge Community Bank.  Under Orion Bancorporation, Inc., BankORION and Bridge Community Bank both continue to operate as two separate independent community banks. The transaction has brought together two community  banks  with  a  combined  257  years  of  servicing  customers  in  six  counties  across  two  states.  The  two community banks have total assets of approximately $800 million. 
 
Matt Bollinger, President and CEO of Orion Bancorporation, Inc. and BankORION, stated, “Expanding our footprint further  into  eastern  Iowa  has  been  a  strategic  initiative  of  our  organization.    Bridge  Community  Bank  is  a  great community  bank  with  values  that  mirror  those  of  BankORION.    Adding  Bridge  Community  Bank  to  our  family positions us excellently into the Cedar, Linn and Johnson counties and presents exciting growth opportunities. We are  thrilled  to  bring  our  cultures  and  histories  together  while  continuing  to  serve  the  financial  needs  of  our communities.”  

David Steen, President of Bridge Community Bank, stated, “All of us at Bridge Community Bank are excited about finding a partner who shares our culture, values and commitment to our customers, employees and the communities we serve. Orion Bancorporation, Inc. and BankORION have a stellar reputation, and we look forward to our future with them.” 

TruStar  Advisors,  LLC.,  and  Howard  &  Howard  Attorneys  PLLC.,  acted  as  the  financial  and  legal  advisors  to BankORION, while Dickinson, Bradshaw, Fowler & Hagen, P.C., acted as the legal advisor to Bridge Community Bank. 

About BankORION: 
Since 1890, BankORION has been a locally owned, locally managed, independent community bank. BankORION is the oldest bank headquartered in the Quad Cities metropolitan area and has seven full-service branches including Orion, Cambridge, Moline, Aledo and Annawan, Illinois, as well as Bettendorf, Iowa with approximately $670 million in total assets. 

About Bridge Community Bank:
Bridge Community Bank, founded in 1903, is an independent community bank with three branches in Mechanicsville, Mount  Vernon  and  Solon,  Iowa  located  in  Cedar,  Linn  and  Johnson  Counties.  The  bank  has  approximately  $130 million in total assets.