Plains Bancshares, Inc. to acquire Harper and Anthony, KS branches from BancCentral, National Association
By | May 19, 2022
Plains, KS, Harper and Anthony, KS – Plains Bancshares, Inc, the parent company of The Plains State Bank announced today the execution of a definitive agreement under which Plains Bancshares will acquire the Harper and Anthony, KS branches of BancCentral, National Association “BancCentral”.
The Plains State Bank is a KS based, family-founded and predominately family-owned bank with $260 million in assets across their western and central Kansas locations. The Plains State Bank is focused on growth, most notably with their 2018 acquisition of Bank VI in Salina, KS, and recently opened branches in Hutchinson and Great Bend, KS. The Plains State Bank values local community talent and welcomes the management and team members in both communities to The Plains State Bank.
The transaction has been approved by each company’s board of directors and is expected to close in the Fall of 2022, subject to regulatory approvals and the satisfaction of customary closing conditions. Following completion of the transaction, The Plains State Bank is expected to have approximately $398 million in total bank assets.
“We are thrilled to partner long-term with strong and hardworking communities like Harper and Anthony., said Gene Dikeman, President and Chief Executive Officer. We’ve seen from our time with local branch managers Brad Davis and Kerry Schroeder, that they are passionate about their communities and customers. We look forward to what they and their teams bring to our organization.”
Daniel Clawson, Chairman of Plains Bancshares, Inc. said, “The Harper and Anthony communities are natural partners and a great cultural fit. Our own family has deep rural Kansas roots and we do not take the responsibility of serving and financing local businesses and customers lightly.”
Following approval of the transaction from regulatory bodies, The Plains State Bank plans to host customers and community members from Harper and Anthony in the Anthony branch community room for a meet and greet. Exact details to be announced.
About Plains Bancshares, Inc.: Plains Bancshares, Inc. is the parent company of The Plains State Bank (“The Plains State Bank”). The mission of The Plains State Bank is committed to providing high quality financial services to our trade territory while maintaining the highest standards of integrity, customer service and professionalism. The Plains State Bank’s vision is a community bank with employees and directors dedicated to safe, sound and ethical growth while delivering meaningful value and results for customers and shareholders. The Plains State Bank was chartered in 1906 by the Collingwood family and today has assets of approximately $260 million and is predominantly owned by descendants of the family. The Plains State Bank is a community-focused organization that provides financial services through a network of banking locations in central and western Kansas communities. More information about The Plains State Bank is available on its website at www.plainsstatebank.com.