Printer Friendly

FOURTH FINANCIAL REACHES AGREEMENT TO ACQUIRE DERBY BANK

 WICHITA, Kan., Jan. 21 /PRNewswire/ -- Fourth Financial Corp. has reached an agreement to acquire F&M Bank Services, Inc. and its subsidiary, Farmers and Merchants State Bank in Derby, Kan. With regulatory approvals, the transaction would take place by May 1993 and Farmers and Merchants would become part of Fourth Financial Corp.'s BANK IV Kansas subsidiary. The Derby bank had assets of $62.2 million and deposits of $56.7 million at Dec. 31, 1992.
 "Derby is a very important part of the greater Wichita metropolitan market; in fact, it was one of the state's fastest growing communities according to the last census," said K. Gordon Greer, chairman of BANK IV Kansas. "We want to have a presence in Derby, and by joining forces with the outstanding Farmers and Merchants organization, we'll be offering the same local service but with the added strength of our statewide banking company."
 Fourth Financial Corp. is a Wichita-based bank holding company with consolidated assets of $5.6 billion. The company currently operates 75 offices in 31 Kansas communities through its BANK IV Kansas subsidiary, and 16 offices in Tulsa through its BANK IV Oklahoma subsidiary. The BANK IV banks provide a full line of banking and financial services for consumers, small businesses and mid- to large- sized companies. Fourth Financial's common stock and depositary shares are traded on the NASDAQ National Market System under the symbols "FRTH" and "FRTHZ," respectively.
 -0- 1/21/93
 /CONTACT: Michael J. Shonka, chief financial officer, Investors, 316-261-4510; or R. Brent Thompson, senior vice president, 316-261-4403 both of Fourth Financial Corp.; or Kurt Watson, exec. vice president, of BANK IV Kansas, 316-261-4578/
 (FRTH)


CO: Fourth Financial Corp. ST: Kansas IN: FIN SU: TNM

LR -- NY048 -- 7402 01/21/93 12:18 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 21, 1993
Words:294
Previous Article:OMC ELECTS JENSEN VICE PRESIDENT FOR INTERNATIONAL OPERATIONS
Next Article:BANKINTER REPORTS 18,575 MILLION PESETAS NET FOR FY1992
Topics:


Related Articles
FOURTH FINANCIAL EXPANDS PRESENCE IN METRO KANSAS CITY MARKET WITH ACQUISITION OF MISSION HILLS BANCSHARES, INC.
FOURTH FINANCIAL SET TO BECOME INTERSTATE FORCE, ANNOUNCES JOINT AGREEMENT WITH BANK OF OKLAHOMA TO ACQUIRE SOONER FEDERAL
FOURTH FINANCIAL ANNOUNCES AGREEMENT PURCHASE OF BANCSHARES OF WOODWARD, INC. IN OKLAHOMA -- EXPANDS COMMUNITY PRESENCE IN STATE
FOURTH FINANCIAL COMPLETES THREE BANK HOLDING COMPANY ACQUISITIONS; ACQUIRED ASSETS TOTAL $295 MILLION
FOURTH FINANCIAL AND GREAT SOUTHERN BANCORP SIGN DEFINITIVE MERGER AGREEMENT
FOURTH FINANCIAL CORP. ANNOUNCES AGREEMENT IN PRINCIPLE WITH LSB INDUSTRIES TO ACQUIRE OKLAHOMA CITY-BASED EQUITY BANK FOR SAVINGS, F.A.
LSB INDUSTRIES, INC. AGREES TO SELL EQUITY BANK FOR SAVINGS, F.A. FOR $93 MILLION
FOURTH FINANCIAL ANNOUNCES AGREEMENT IN PRINCIPLE WITH BLACKWELL SECURITY BANCSHARES TO ACQUIRE SECURITY BANK & TRUST COMPANY
UJB FINANCIAL TO ACQUIRE FLEMINGTON NATIONAL BANK; MOVES TO #1 IN HUNTERDON COUNTY
FIRST BANK SYSTEM SIGNS PURCHASE AGREEMENT TO ACQUIRE SOUTHWEST BANK IN OMAHA

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters