WICHITA, Kan. -- Fourth Financial Corp. said it has agreed in principle to buy First Dodge City Bancshares for about $16 million in stock.
First Dodge City is the parent company of First National Bank and Trust Co. in Dodge City, Kan., and Metro Bank of Broken Arrow in Oklahoma. The banks have a combined $150 million of assets.
Fourth Financial said First National Bank would be merged into its Bank IV Kansas subsidiary, and Metro Bank of Broken Arrow into Bank IV Oklahoma.
The acquisition, which is subject to negotiation of a definitive agreement, is expected to be completed in the spring.
