Sterling Bancshares Buys Bootheel Bancorp in Missouri

Sterling Bancshares in Poplar Bluff, Mo., has completed its purchase of Bootheel Bancorp in Poplar Bluff.

Sterling, the parent of the $865 million-asset Sterling Bank, paid an undisclosed amount of cash and stock for Bootheel, which controlled the $277 million-asset First Community Bank, according to a report by the St. Louis Business Journal.

Scott Spencer, First Community's president and chief executive, was named Sterling's vice chairman and president.

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