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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 and 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


Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U4KS
Date:Jun 4, 2015
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