First National of Nebraska in Omaha has agreed to buy Blue Ridge Bancshares in Independence, Mo.
The $35 billion-asset parent of FNBO said in a press release that it expects to buy the holding company for the $850 million-asset Blue Ridge Bank and Trust by the end of this year. The price wasn’t disclosed.
“FNBO has been intentional about our growth in this region, and Blue Ridge Bank fits that vision in a meaningful way,” Joe Close, regional leader for FNBO in Kansas City. “Blue Ridge Bank’s positive reputation and people make it an ideal addition to our organization.”