Bravera Holdings Corp., the holding company for Bravera Bank, a leading banking, wealth management, and insurance institution with $3.2 billion in bank assets, has agreed to acquire VISIONBank, which operates three branches in Fargo, N.D.  VISIONBank, with approximately $265 million in assets, is expected to join Bravera pending regulatory approval and other customary conditions. The acquisition is anticipated to be completed in late 2024.

VISIONBank, known for its strong local presence and commitment to customer service, will continue to operate under its current name, with no immediate changes to its branch locations or staff.  Bravera Bank’s President and CEO, David Ehlis, will work with Dan Carey, President and CEO of VISIONBank, to integrate VISIONBank into the Bravera network.

“We are excited to welcome VISIONBank to the Bravera team,” Ehlis said. “This is a strategic move to enhance our service capabilities and extend our reach in the Fargo region. VISIONBank’s established reputation, dedication to customer service, and community engagement align perfectly with our values, and we are committed to ensuring a smooth transition for their customers and employees.” 

Dan Carey expressed enthusiasm about the merger. “Joining Bravera Bank is a great opportunity for VISIONBank, our values align closely with Bravera, and we are pleased to partner with a very progressive bank,” Carey said. “We have always been committed to providing exceptional service and personalized solutions to our clients. This partnership will enable us to offer an even broader range of financial services and resources, enhancing our ability to meet our customers’ needs.”

As part of the integration process, Bravera Bank plans to leverage its extensive resources to provide additional financial products and services, while maintaining the high level of service that VISIONBank’s customers have come to expect.

During this process DA Davidson is acting as financial advisor for Bravera.

To learn more about Bravera, visit bravera.bank. To learn more about VISIONBank, visit visionbanks.com.