The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Bennington State Bank in Kan. to top $1B in assets with Alliance Bank purchase

Berco in Salina, Kan., has agreed to buy New Millennium Bankshares in Topeka, Kan.

Berco, the parent of the $994 million-asset Bennington State Bank, said it expects to buy the holding company for the $149 million-asset Alliance Bank in the fourth quarter. The price wasn’t disclosed.

Alliance Bank has two branches.

Olsen Palmer and Stinson advised New Millennium. Gerrish Smith Tuck advised Berco.

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