Waypoint Bank in Cozad, Neb., has agreed to buy a branch in Sutton, Neb., from Astra Bank in Scandia, Kan.
The $373 million-asset Waypoint said in a press release that it expects to buy the branch later this summer. The price wasn’t disclosed.
“We’re excited to welcome Sutton into the Waypoint Bank family,” Tim Sladek, the bank’s chairman, president, and CEO, said in the release. “This expansion strengthens our branch network and deepens our presence in Clay County.”
“As Astra Bank looked at its options, it was very important that a customer-focused community bank continued to be an integral part of Sutton,” Kyle Campbell, the bank’s president and CEO, said in the release. Waypoint “fits this description very well, and they are already integrated into the Clay County area. This was very important as their proposal was considered.”