Blue Valley Ban Buys Kansas Branch from The Federal Savings Bank.
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.
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
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Jun 4, 2015|
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