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Consolidation is needed to help the economy because there are too many banks, argues the author, a longtime bank investor. Many parties benefit from deals, and any return for the seller is better than producing poor results or being seized by regulators.
August 9 -
CrossFirst Holdings in Leawood, Kan., has agreed to buy Tulsa National Bancshares in Oklahoma.
April 18
Midland States Bank in Effingham, Ill., is reportedly close to buying Heartland Bank in St. Louis.
The deal would significantly expand Midland's presence in Missouri, the
Calls to Midland and Heartland were not immediately returned.
Midland, led by Leon Holschback, has already bought six banks in the past six years, the St. Louis Business Journal reported.
