A Lincoln-based group is buying a bank in Talmage, said Lora Damme, president and principal owner of Tri Valley Bank.

Tri-Valley Bancshares Inc. will assume the Talmage operation within 60 to 90 days, pending regulatory approval. Damme declined to comment on the purchase price. Representatives from Tri-Valley Bancshares Inc. did not return calls for comment on Thursday.

The Talmage bank holds $5 million in assets and works principally with Southeast Nebraska farmers.

Damme said she wanted to sell the bank to simplify her life.