Docking Bancshares in Kansas to buy Midland Financial

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Docking Bancshares in Arkansas City, Kan., has agreed to buy Midland Financial in Newton, Kan.

Docking, the $339 million-asset parent of Union State Bank, did not disclose how much it will pay for the $136 million-asset Midland. The deal is expected to close by the end of this year.

Docking is a family-owned banking company.

“It was determined by both boards that this was a mutually beneficial opportunity,” the companies said in their announcement. “With this transaction [Midland] will be joining a financially strong and stable community banking organization that provides great customer service and cares about their employees and the communities they serve.”

Ron Land, Midland’s president, would become a market president for Union State.

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