Overbrook Bankshares, the holding company of The First Security Bank, has reached an agreement to acquire Norcon Financial, the holding company of Conway Bank.
Under the merger agreement, Norcon Financial will merge with and into Overbrook Bankshares, and Conway Bank will merge with and into The First Security Bank.
Overbrook Bankshares and First Security Bank will be the surviving entities.
The boards of directors of both bank holding companies approved the transaction.
It is expected to close in the first half of 2026, subject to customary closing conditions, including regulatory and shareholder approval.
The combined entity would have around $225m in total assets and will operate eight banking offices across the Kansas City, Topeka, and Wichita metropolitan areas.
Fenimore Kay Harrison served as legal advisors to Overbrook Bankshares, while Olsen Palmer acted as the financial advisor and Stinson as legal counsel to Norcon Financial.
Overbrook Bankshares chairman Kent Needham said: “We are excited to expand our commitment to Kansas banking through the merger of our two organisations.
“The team at Conway Bank has done an excellent job building relationships with their clients and communities, and it is our plan to deepen those existing ties.
“Supporting our local communities remains at the heart of our mission, and this partnership with Conway Bank is a significant milestone in our journey to serve them better.”
Established in 1897, First Security Bank is based in Overbrook, Kansas, and operates four branches, with total assets of more than $100m.
Based in Conway Springs, Kansas, Conway Bank was founded in 1886 and operates four branch locations and manages about $125m in total assets.
Conway Bank president and CEO Joe Rottinghaus said: “We look forward to teaming up with The First Security Bank.
“This transaction positions us for the future of banking. We’re combining the strengths of two well-respected organisations to create new opportunities for our customers, employees, and the communities we serve.
“Partnering with The First Security Bank allows us to continue the legacy of local decision making, relationship banking and commitment to community while providing greater access to products and services.”
“Overbrook Bankshares agrees to merge with Norcon Financial ” was originally created and published by Retail Banker International, a GlobalData owned brand.
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