Blue Valley Ban Corp Announces Completion of Acquisition.OVERLAND PARK Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan. -- Blue Valley Ban Corp's (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BVBC) ("Blue Valley") previously disclosed acquisition of Unison Bancorp, Inc. ("Unison"), the holding company for Western National Bank of Lenexa, Kansas Lenexa is a city in the central part of Johnson County, located in Northeast Kansas, in the Central United States. The population was estimated to be 43,434 in the year 2005.[] It is the fourth most populous city in the county. , was completed on February 16, 2007. Western National Bank is currently a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Blue Valley Ban Corp and an affiliate of the Bank of Blue Valley. Subject to approval by bank regulators, Blue Valley intends to merge Western National Bank with and into the Bank of Blue Valley on April 1, 2007. "I'm pleased to announce the completion of this transaction," remarked Bob Regnier, President and Chief Executive Officer of Blue Valley. "We look forward to competing in the Lenexa marketplace as we believe it will provide a tremendous opportunity for the Company." Lynn Mitchelson, former Chairman of the Board of Unison, stated: "We believe this transaction was a good value for the shareholders. In addition, Blue Valley will provide Western National Bank customers with a high level of service from a locally based organization." About Blue Valley Ban Corp Blue Valley Ban Corp is a bank holding company that, through its subsidiaries, provides banking services to closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. business, their owners, professionals and individuals in Johnson County, Kansas Johnson County (county code JO) is a county located in Northeast Kansas, in the central United States. The county's population — the fastest growing in the state of Kansas — was estimated to be 516,731 in 2006,[] making it the largest in the state. . In addition, the Company originates residential mortgages locally and nationwide through its InternetMortgage.com website. The Bank of Blue Valley's web site is www.bankbv.com. |
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