Fed notices reveal three small bank mergers

Several bank mergers have been disclosed by the Federal Reserve.

The Fed listed the pending transactions in a pair of public notices.

Northeast Kansas Bancshares in Overland Park has agreed to acquire Bank of Orrick in Missouri.

Community Bancshares of America, a group formed to buy banks, acquired Northeast Kansas Bancshares, the parent of the $115 million-asset Kendall Bank, to advance that strategy. Bank of Orrick has $43.6 million of assets.

First Artesia Bancshares in New Mexico plans to buy Southwest United Bancshares in El Paso, Texas.

First Artesia, the parent of the $1.6 billion-asset First American Bank, plans to complete the purchase of Southwest and the $350 million-asset United Bank of El Paso Del Norte in the second or third quarter.

Finally, ServBanc Holdco in Phoenix is looking to acquire Allied First Bancorp, the parent of the $167 million-asset Allied First Bank in Oswego, Ill.

The Bank Slate

Fed notices reveal three small bank mergers

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The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

About the author

Paul Davis has 20+ years of experience following the banking industry. He is currently director of market intelligence at SRM, an advisory firm that operates in North America and Europe.

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