Alton Bancshares in Alton, Mo., has agreed to buy Table Rock Community Bank in Kimberling City, Mo.
Alton, the parent of the $144 million-asset First Community Bank of the Ozarks and the $106 million-asset Alton Bank, said in a press release that it expects to buy the $150 million-asset Table Rock in the second or third quarter.
Alton did not disclose the price it will pay.
Table Rock “is well known for serving the financial needs of businesses and families in Stone County,” Kendall Combs, Alton’s chairman, said in the release.
“Customers of Table Rock Bank can look forward to the same level of service and commitment from the team of dedicated professionals, and they will benefit from expanded services in the future,” Combs added.
DD&F Consulting Group and Stinson advised Alton. The Capital Corporation and Armstrong Teasdale advised Table Rock.