Berco in Salina, Kan., has agreed to buy Flint Hills Bank in Eskridge, Kan.
The parent of the $1.3 billion-asset Bennington State Bank said in a press release that it plans to buy the $154 million-asset Flint Hills in the second quarter. The price wasn’t disclosed.
Flint Hills operates under its primary charter name while serving customers through four separately branded divisions.
“This acquisition represents an exciting opportunity to expand in a market that shares our community bank mindset,” Darren Gragg, Bennington State’s chairman, president and CEO, said in the release. “We are excited to welcome the team members and customers of Flint Hills … and to continue building on the strong foundation of trust and relationships they have established in their markets.”
Northland Capital Markets and Stinson advised Flint Hills. Gerrish Smith Tuck advised Berco and Bennington State.