Stockton Bancshares in Stockton, Kan., has agreed to buy Coffeyville Bancorp in Coffeyville, Kan.
Stockton, the parent of the $310 million-asset Solutions North Bank, said in a press release that it expects to buy the holding company for the $180 million-asset Community State Bank in the second quarter.
The price wasn’t disclosed.
Community State has one branch, $86 million of loans and $157 million of deposits.
“As part of our long-term commercial expansion strategy, we are pleased to partner with Community State Bank and its leadership to expand our presence to the southeast Kansas and northeast Oklahoma market,” Dale Winklepleck, Solutions North’s president and CEO, said in the release.
“The directors, officers and employees of both organizations feel strongly about this merger and the ability to continue to prioritize banking services, customer attention and community commitment during the transition,” he added.