The Fargo, ND-based financial services firm also reports it has agreed to lease locations for them.

"Pending regulatory approval of those locations, these sites will further enhance our growing market position in the Minneapolis/St. Paul suburban market," says Mark Anderson, president and CEO as part of a statement in the company's fourth quarter earnings report.

Community First received regulatory approval last quarter to open new branches in Blaine, Lakeville and Lino Lakes, with Lino Lakes expected to open in February with the others following later this year.

First Bankshares, a $5.5 billion financial services company, has offices in 136 communities in 12 states—Arizona, California, Colorado, Iowa, Minnesota, Nebraska, New Mexico, North Dakota, South Dakota, Utah, Wisconsin and Wyoming.

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