By Platte Valley Bank
Scottsbluff, Nebraska. December 22, 2025 - Platte Valley Financial Services Companies, Inc, led by Chairman, President and CEO Hod Kosman, has entered into a definitive agreement to merge Enevoldsen Management Company and its banking subsidiary The Potter State Bank of Potter into Platte Valley Financial Services Companies. This partnership, unanimously approved by the Boards of Directors of Platte Valley Bank and Enevoldsen Management Company, remains subject to regulatory approval and customary closing conditions.
Platte Valley Bank will assume all deposits and loans, as well as the full-service branch locations in Potter and Kimball, Nebraska. This strategic combination strengthens the shared mission of both organizations: delivering exceptional service and fostering long-term relationships within the communities they proudly serve.
Current employees, including members of the Enevoldsen family, will continue to serve customers after the partnership is finalized, ensuring continuity of relationships and honoring the family’s long-standing commitment to both communities. The partnership also creates stronger connections for customers in Sidney and throughout Cheyenne County as well as Kimball and Kimball County, making it easier to access the services they need—right where they live and work.
Hod Kosman commented:
“This partnership is about deepening our roots in the communities we call home. For more than a century, both organizations have shared a commitment to serving families, businesses, and neighbors with care and integrity. By coming together, we are honoring those shared values and ensuring that future generations will continue to have a trusted partner in their financial journey. Our promise remains the same: to invest in people, strengthen local communities, and build lasting relationships that stand the test of time.”
Kirk Enevoldsen, President of Potter State Bank, added:
For over 100 years, our organizations have built relationships that span generations, rooted in trust and community. Joining forces with Platte Valley Bank ensures that our customers will continue to receive the personalized care they value, while benefiting from expanded resources and opportunities. We are pleased that members of the Enevoldsen family will remain actively involved, continuing the tradition of service that has defined our bank for more than a century.”
The combination brings together two organizations with aligned missions and strong, shared values-enhancing service for customers, employees, and communities across Western Nebraska. Customers will enjoy expanded access to products, technology, and resources while continuing to experience the personalized, relationship-based banking they trust.
The transaction is expected to close in the first quarter of 2026. Womble Bond Dickinson LLP served as legal counsel to Platte Valley Financial Services Companies, Inc. Olsen Palmer LLC served as financial advisor to Enevoldsen Management Company, and Cline Williams Wright Johnson & Oldfather LLP served as its legal counsel.
Platte Valley Financial Service Companies, Inc. consists of Platte Valley Bank in Scottsbluff, Gering, Bridgeport, Alliance, Chadron, Morrill, and Sidney, Nebraska; Platte Valley Bank in Casper, Torrington, Cheyenne and Wheatland, Wyoming; Mountain Valley Bank in Walden, Steamboat Springs, Hayden, Meeker, Fort Collins, and Greeley, Colorado; J.G. Elliott Insurance Center in Scottsbluff and Chadron, Nebraska and Casper, Torrington and Wheatland, Wyoming; C.H. Brown Co. LLC., in Wheatland, Wyoming; and Platte Valley Investment Center, Inc. in Scottsbluff, Nebraska