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First State Community Bank in Farmington, Mo., which has done several M&A deals in recent years, benefits again as B of A and smaller banks look to streamline their operations.
November 21 -
Dickinson Financial in Kansas City, Mo., has consolidated several of its banks charters to cut costs and improve marketing to military members.
June 22 -
Bear State Financial in Little Rock, Ark., has agreed to buy Metropolitan National Bank in Springfield, Mo.
June 22
First State Bancshares in Farmington, Mo., has agreed to buy Central Bank in Lebanon, Mo.
The $1.7 billion-asset First State expects its deal for $264 million-asset Central to close before the end of the year. Financial terms were not disclosed.
The combined company will operate 50 branches in Missouri. Central Missouri Shares, the holding company for Central Bank, runs five branches in Lebanon and Conway, Mo.
First State's most-recent whole-bank acquisition was for Bank Star of the LeadBelt in Park Hills, Mo., which it bought in January 2013. First State
Sandler O'Neill & Partners advised First State and Barack Ferrazzano Krischbaum & Nagelberg was its legal counsel. Donnelly Penman & Partners advised Central and Howard & Howard was legal counsel.
