West Des Moines-based Bank Iowa Corp., a $1.4 billion family-owned community bank, announced plans to acquire First State Bank of Colfax. Currently owned by Dentel Bancorporation, First State Bank has $65 million in assets. The acquisition is expected to close by the end of the year contingent on regulatory approval; financial terms of the deal were not disclosed. Colfax will be the 23rd community served by Bank Iowa. “First State Bank of Colfax is a wonderful addition for Bank Iowa,” said Jim Plagge, CEO of Bank Iowa. “The bank has a strong history of providing exceptional client service, and we’re excited about continuing that tradition with the Colfax team. We are also very impressed with the community of Colfax, which fits nicely between Altoona and Newton, two cities we have been proud to serve for more than 20 years.” James Feudner, Bank Iowa regional president, will oversee the Colfax office.