Connections Bank to buy Missouri branch from BTC Bank
Connections Bank in Platte City, Mo., has agreed to buy a branch in Columbia, Mo., from BTC Bank in Bethany, Mo.
The $500.7 million-asset Connections did not disclose the price it will pay the $1.4 billion-asset BTC for the location. The deal is expected to close in the fourth quarter or early 2026.
The branch had $17.6 million of deposits on June 30, according to the Federal Deposit Insurance Corp.
located at 4000 Range Line St., adding a second location in Columbia.said the transaction will expand operations to 10 banks throughout Missouri while managing roughly $520 million in assets.
“We’re excited for this opportunity to strengthen our commitment to Columbia and the mid-Missouri market,” Robert Barmann, Connections’ chairman, said in a press release. “We’ve been impressed by the growth of these communities, and we’ve found that our customers have come to appreciate our personalized attention and our client-centered approach to lending.”