Landmark (LARK) Unit to Acquire Assets/Deposits of The Wellsville Bank
Landmark National Bank, the wholly-owned bank subsidiary of Landmark Bancorp, Inc. (Nasdaq: LARK), and The Wellsville Bank jointly announced today the execution of a definitive agreement under which Landmark National Bank will acquire The Wellsville Bank. The transaction is subject to standard closing conditions, as well as the approval of the appropriate regulatory agencies and the shareholders of Wellsville Bancshares, Inc., the sole shareholder of The Wellsville Bank. The acquisition is expected to be completed during the second or early third quarter of 2012. Upon the closing of the acquisition, The Wellsville Bank will be merged with and into Landmark National Bank.
Landmark National Bank has approximately $578.4 million in assets and operates out of 21 offices in 16 communities across Kansas. The Wellsville Bank has assets of approximately $35.6 million and operates out of a single office in Wellsville, Kansas.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Landmark National Bank has approximately $578.4 million in assets and operates out of 21 offices in 16 communities across Kansas. The Wellsville Bank has assets of approximately $35.6 million and operates out of a single office in Wellsville, Kansas.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- UPDATE: SAP's (SAP) America Unit to Buy Ariba (ARBA) for $45/Share
- Rhoen-Klinkum to recommend Fresenius (FMS) takeover offer -Bloomberg
- NBCUniversal in Talks to Buy MSNBC.com
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
