Hills Bank entered into an Agreement of Purchase and Sale to acquire approximately 19.2 acres at 200 and 500 ACT Drive in Iowa City for $20.7 million. The property will be used to consolidate operational teams and support long-term needs, while the company’s headquarters remains in Hills, Iowa. The deal is subject to customary real estate conditions, including regulatory approvals, with closing targeted for the first quarter of 2027.
Agreement details:
- Agreement type: Agreement of Purchase and Sale for approximately 19.2-acre property
- Counterparty: JNB Campus
- Signed / Effective: May 11 2026 / same
- Reason: Consolidate operations and support long-term needs
Original SEC Filing:
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