The $5 billion-asset Equity said in a press release that it is selling its location in Cordell to the $160 million-asset High Plains. The sale is expected to close by Dec. 31.
The price wasn’t disclosed.
The branch has about $20 million of deposits.
“Our focus as a community bank is our customers, and doing what is right for our communities, businesses and families in our regions,” Brad Elliott, Equity’s chairman and CEO, said in the release.
“This includes working with strong community banks to ensure that local bank locations continue to appeal to and reflect the customers they serve,” Elliott added. “We believe we’ve found a leadership and customer service team as well as a trusted brand that will continue to serve our customers in Cordell for the long term.”
Equity entered Oklahoma with the 2017 acquisitions of Eastman National Bank and Patriot National Bank. It expanded in the state by buying City National Bank and Trust.
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