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Though bank deals have risen in Texas because of its robust economy and in California because of abundant capital, small Kansas banks are partnering because they worry about their viability as little guys.
July 2 -
A Kansas banking company that last week raised fresh capital to fuel its growth has struck a deal that would more than double its size.
June 5 -
Two small Kansas banks that have been discussing a merger for much of the past year have finally pulled the trigger on a deal.
March 12
Vintage Bancorp, in Leon, Kan., on Wednesday canceled its deal for CornerBank, in Winfield, Kan.
Vintage, the newly created holding company of the $14 million-asset Vintage Bank Kansas, had been seeking to raise $25 million since April, the
Leaders of both companies said that the deal could be re-evaluated.
"Given the passage of time and specific requirements detailed in the agreement, both CornerBank and Vintage agreed it was in both parties' best interest to terminate the agreement," Steven C. Worrell, the president of Vintage, said in a news release. "Both parties see the benefits of continuing to review options that make sense to all concerned."
"We have not closed the door on working out a mutually agreeable solution," Bruce Schwyhart, the president of the $270 million-asset CornerBank, said in the release.
The two companies began discussing a merger in 2011 and