The $1.3 billion-asset Landmark
said in a press release Tuesday that it will pay $33.4 million in cash for the
$223 million-asset Freedom. The deal is expected to close in the fourth
quarter.
Freedom “has been a strong
commercial bank in Overland Park since its formation and the transaction allows
an excellent opportunity to expand our presence in more urban areas, including
Kansas City,” Michael Scheopner, Landmark’s president and CEO, said in the
release.
“The transaction will allow
Freedom Bank’s customers to continue to partner with a community-focused
financial institution,” Scheopner added.
Cummings & Co. and Barack
Ferrazzano Kirshbaum & Nagelberg advised Landmark. Olsen Palmer and
Fenimore Kay Harrison advised Freedom.
No comments:
Post a Comment