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Farmers Bank & Trust in Great Bend, Kan., has agreed to sell certain assets of its mortgage division to Prospect Mortgage in Sherman Oaks, Calif.
June 29 -
Equity Bancshares in Wichita, Kan., has lost its president, Drayton Alldritt, to an unnamed competitor.
June 6 -
Equity Bancshares in Wichita, Kan., may use the Troubled Asset Relief Program to buy a stake in Blue Valley Ban Corp, an in-state rival.
April 22
Equity Bancshares in Wichita, Kan., has agreed to buy First Independence in Independence, Kan.
The $1.3 billion-asset Equity did not say how much it plans to pay for the $134 million-asset First Independence. The companies expect the deal to close in the fourth quarter, after approval from regulators and from First Independence's shareholders.
First Independence operates four branches of First Federal Savings & Loan Association of Independence in southeastern Kansas, as well as a loan production office in Lawrence, Kan. Equity operates 25 branches in Kansas and Missouri.
FinPro Capital Advisors and Keefe, Bruyette & Woods were financial advisers to Equity. Norton Rose Fulbright was its legal counsel. Sandler O'Neill was financial adviser to First Independence and Silver, Freedman Taff & Tiernan was legal counsel.
