RCB Bank in Claremore, Okla., has agreed to buy CornerBank in Winfield, Kan.
The $2.8 billion-asset RCB said in a press release that it plans to complete its purchase of the $289 million-asset CornerBank in the third quarter. RCB did not disclose the price.
CornerBank has nine branches and nearly 100 employees. RCB, meanwhile, has four branches in the state.
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Midland Financial in Oklahoma City has agreed to buy 1st Century Bancshares in Los Angeles.
March 11 -
Simmons First National in Pine Bluff, Ark., plans to close 10 banks across four states by the end of the second quarter: three branches in Arkansas, four in the Missouri and Kansas region and three in Tennessee.
April 22 -
Some banks in Texas and Oklahoma are likely to start scouting acquisitions in states such as Colorado and California so that their fortunes are not so tied to the energy sector.
April 27
"Our hometown community bank model fits well in the Kansas market place and CornerBank's similar approach makes this transaction a natural fit," Roger Mosier, RCB's president and chief executive, said in the release.
