ST. LOUIS -- Roosevelt Financial Group Inc. said it plans to buy Brookside Savings Bank, Kansas City, Mo., for $5 million.

Roosevelt said that in addition to paying the purchase price it would issue to shareholders of Brookside's privately held parent, Hawthorn Financial Group Inc., options to buy a total of 50,000 of its common shares at $20 each. The options would have a seven-year term.

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.