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Home Community Banking

Bank acquisitions announced in Kansas, Iowa

November 19, 2024
Reading Time: 1 min read
OCC sees need for regulatory reform in bank merger process

PBT Bancshares in McPherson, Kansas, has applied to acquire Kanza Financial in Kingman, Kansas. PBT, the parent of the $1.2 billion-asset Peoples Bank and Trust recently agreed to buy the holding company for the $270 million-asset Kanza Bank in a deal expected to close in the second quarter. The price wasn’t disclosed.

Farmers Savings Bank in Colesburg, Iowa, has agreed to buy Elgin State Bank in Elgin, Iowa. The $235.5 million-asset Farmers Savings submitted their application with the FDIC on Nov. 12. The price wasn’t disclosed.

M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.

Tags: Mergers and acquisitions
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