The Bank Slate


RCB in Oklahoma to buy family-owned bank

RCB Holding in Claremore, Okla., has agreed to buy Oklahoma State Bancshares in Vinita.

The $3.7 billion-asset RCB said in a press release that it expects to buy the $306 million-asset parent company of Oklahoma State Bank and Lakeside Bank in the third quarter.

RCB did not disclose the price it will pay. 

“What attracted us … was the bank’s reputation and their employees within each of their communities,” Roger Mosier, RCB’s president and CEO, said in the release. “Oklahoma State Bank and Lakeside State Bank are both integral partners in their communities. 

“While one chapter of Hartley family ownership of [Oklahoma State] closes, another one opens, Monty Hartley, the company’s chairman, said in the release. 

We have known the Robson family for a long time and are thrilled to partner with RCB, Hartley added. Our discussions with [RCB’s] team confirmed for us that this partnership will be a win-win for all of our constituents including employees, customers and the communities we serve. 

D.A. Davidson and McAfee & Taft, advised Oklahoma State. Hunton & Williams advised RCB.

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