First Missouri Bancshares in Brookfield bought Clay County Savings Bank in Liberty, Mo.
First Missouri, the parent of the $471.3 million-asset Verimore Bank, did not disclose how much it paid for the $137.3 million-asset Clay County Savings.
“This merger represents a significant milestone in our growth strategy,” Kristie Stuewe, Verimore’s president and CEO, said in a press release. “It allows us to expand our reach … while continuing to deliver the personal, community-centered service our customers have relied on for over 90 years.”
As part of the deal, Verimore is renovating the former Clay Country Savings branches in Liberty and Kearney East to enhance the customer experience. Renovations are expected to be completed by late 2025.