Printer Friendly

Blue Valley Ban Buys Kansas Branch from The Federal Savings Bank.

MANews-(C)2009-2015

4 June 2015 - US-based bank holding company Blue Valley Ban Corp. (OTCQX: BVBC) has inked a deal under which its Bank of Blue Valley holding will purchase The Federal Savings Bank's Overland Park, Kansas branch, the company said.

Bank of Blue Valley will acquire approximately USD 37m of deposits pursuant to the Agreement and these deposits will be consolidated into its branch located at 11935 Riley, Overland Park, Kansas, approximately one mile away from the Branch.

The company, through its subsidiaries, provides banking services to closely-held businesses, their owners, professionals and individuals in Johnson County, Kansas.

In addition, the company originates residential mortgages locally and nationwide through its InternetMortgage.com and bankbv.com websites.

Country: USA

Sector: Banking/Financial Services

Target: The Federal Savings Bank/ Overland Park, Kansas branch

Buyer: Blue Valley Ban Corp

Vendor: The Federal Savings Bank

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

COPYRIGHT 2015 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Geographic Code:1U4KS
Date:Jun 4, 2015
Words:162
Previous Article:Hudson Insurance Buys Kansas City, US Underwriting, Claims Manager.
Next Article:Alliant Insurance Services Acquires US Crop Insurance Specialist.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters