Overbrook Bankshares in Overbrook, Kan., has agreed to buy Norcon Financial in Conway Springs, Kan.
Overbrook, the parent of the $100 million-asset First Security Bank, said in a press release that it plans to buy the holding company for the $125 million-asset Conway Bank in the first half of next year. The price wasn’t disclosed.
“The team at Conway Bank has done an excellent job building relationships with their clients and communities, and it is our plan to deepen those existing ties,” Kent Needham, Overbrook’s chairman, said in the release. “Supporting our local communities remains at the heart of our mission, and this partnership with Conway Bank is a significant milestone in our journey to serve them better.”
Fenimore Kay Harrison advised Overbrook. Olsen Palmer and Stinson advised Norcon.