Firstar Bank in Sallisaw, Okla., has agreed to buy First National Bank of Stigler in Oklahoma.
The $936 million-asset Firstar said it needs regulatory approval to buy the $131 million-asset First National. First National will adopt the Firstar brand in August 2024.
The price wasn’t disclosed.
“First National Bank of Stigler has an outstanding track record,” Mike Leonard, Firstar’s CEO, told the Muskogee Pheonix. “We are committed to providing customers with the same exceptional level of personal service they’ve come to expect from the local people they know and trust.”
Leonard also serves on First National’s board. Mike Butler, First National’s president, will continue to oversee operations in Stigler.