Freedom Bancshares in Belington, W.Va., and Appalachian Financial in Philippi, W.Va., have filed the application for their planned merger of equals.
Freedom, the parent of the $204 million-asset Freedom Bank, and the holding company for the $217 million-asset BCBank agreed to merge in April. The deal is expected to close in the fourth quarter; the price wasn’t disclosed.
BCBank is a very well-respected banking organization,” Freedom Bank President and CEO Valerie Hurst said in the press release announcing the deal. “Our two teams have similar cultures, a focus on superior customer service and a deep commitment to our clients and communities.”
Ryan Curry, BCBank’s president and CEO, will join the combined company’s board and become president and CEO of Freedom Bank.