Archive for Saturday, January 7, 2006

First Security Bank to get new owners

January 7, 2006

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Investors associated with Tonganoxie-based First State Bank and Trust are buying First Security Bank in Overbrook.

Officials from both banks announced the pending transaction Friday, noting that the deal would give First Security customers the ability to secure larger commercial and agricultural loans.

First Security, founded in 1897, will maintain all current employees and remain an independent bank, officials said.

The acquisition, which awaits regulatory approval, is expected to close in February.

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