Missouri's Central Bancompany has a deal to buy Fulton (Mo.) Bancorp for $31.7 million of cash, about 1.25 times book value and 29.6 times earnings.

Central, based in Jefferson City, operates 13 banks with 82 branches in Missouri. The company said it intends to merge Fulton Savings Bank, a $117 million-asset thrift with two branches, into its Central Trust Bank subsidiary.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.