CrossFirst Bankshares to Acquire Farmers & Stockmens Bank (Central Bancorp) in Cash Deal
June 13, 2022
CrossFirst Bankshares, Inc. (via its bank subsidiary CrossFirst Bank) has signed a definitive merger agreement to acquire Farmers & Stockmens Bank (F&S Bank), the bank subsidiary of Central Bancorp, Inc. The all-cash transaction is expected to close in the second half of 2022 and is intended to expand CrossFirst’s footprint into Colorado and New Mexico.
- Buyers
- CrossFirst Bankshares, Inc.
- Targets
- Farmers & Stockmens Bank, Central Bank & Trust (branches)
- Sellers
- Central Bancorp, Inc.
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Buyout
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