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Banker-led group agrees to buy LimeBank in Missouri

A group of bankers with ties to Grand Savings Bank in Grove, Okla., has agreed to buy Stark Bancshares in Bolivar, Mo.

Steele Acquisition includes Tony Steele, Grand Savings’ chairman and biggest investor, and CEO Guy Cable. Stark is the holding company for the $124.4 million-asset LimeBank.

The price wasn’t disclosed, though Steele is looking to raise about $12.5 million through a private placement.

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Paul Davis has 20+ years of experience following the banking industry. He is currently director of market intelligence at SRM, an advisory firm that operates in North America and Europe.

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