BTC Bank in Bethany, Mo., has agreed to buy Home Exchange Bank in Jamesport, Mo.
The $704 million-asset BTC said in a press release that it expects to complete the purchase of the $148 million-asset Home Exchange later this year. BTC did not disclose the price it will pay.
BTC will have 16 branches after the deal closes, including its first locations in Gilman City and Jamesport.
“For 100 years, BTC Bank has been committed to helping individuals, families, businesses, and farmers thrive and be successful in our communities,” Doug Fish, the bank’s president and CEO, said in the release.
“We will take the necessary steps to ensure a smooth transition of service for our new customers while continuing our long-term commitment to providing exemplary service to all of the communities we serve,” Fish added.