Equity Bancshares in Wichita, Kansas, has agreed to buy Kansasland Bancshares in Quinter. The $5.2 billion-asset Equity said in a news release that it will gain two branches and $43 million of deposits from buying the $55 million-asset Kansasland Bank. The price wasn’t disclosed.
Skyline Bankshares in Independence, Virginia., has agreed to buy Johnson County Bank in Mountain City, Tennessee. The $1 billion-asset Skyline will pay $25 million in cash for the $152 million-asset Johnson County Bank. The deal is expected to close in the second half of this year.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.