KCB Bank in Kearney, Mo., is eyeing its first acquisition in its more than 100-year history.
KCB, a unit of Bancshares of Missouri, filed an application this month with the Federal Reserve to assume the assets and liabilities of the $38 million-asset Northland National Bank in Gladstone, Mo., the Kansas City Business Journal reported in its online edition on Thursday.
The $180 million-asset KCB, which was founded in 1887, has two branches and two loan production offices in the greater Kansas City area. Northland has two branches in the Kansas City area.
The Ferrell family, which owns the propane gas company Ferrellgas Partners (FGP) in Overland Park, Kan., is the majority owner of KCB, the Kansas City Business Journal reported.
