The $1 billion-asset Benchmark said in a press
release that it will also buy the deposits housed at the branch. No loans are
changing hands.
The branch had $65.8 million of deposits in June
2021, based on the most recent data from the Federal Deposit Insurance Corp.
The deal is expected to close later this year.
Benchmark did not disclose the price it will pay.
Benchmark entered Emporia in September 2018.
“Since moving to Emporia … we have looked for an
opportunity to move into a larger, full-service facility in the community,” Jay
Stafford, Benchmark’s president and CEO, said in the release.
“Our current location has served as a wonderful
introduction to the Emporia community,” Stafford added.
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