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Kansas Banks Merge: Overbrook Buys Conway
23 Dec
Summary
- Overbrook Bankshares to acquire Norcon Financial, parent of Conway Bank.
- Combined entity to possess $225m in assets across eight offices.
- Merger expected to finalize in the first half of 2026.
Overbrook Bankshares, the holding company for The First Security Bank, has agreed to acquire Norcon Financial, which oversees Conway Bank. This acquisition involves Norcon Financial merging into Overbrook Bankshares, and Conway Bank merging with The First Security Bank, with Overbrook Bankshares and First Security Bank continuing as the surviving entities.
The merger, which has received approval from the boards of directors of both bank holding companies, is scheduled to be completed in the first half of 2026. This timeline is contingent upon meeting standard closing conditions, including necessary regulatory and shareholder consents.
Upon finalization, the consolidated entity is expected to hold around $225 million in total assets. It will expand its operational footprint to eight banking offices strategically located across the Kansas City, Topeka, and Wichita metropolitan areas, enhancing its presence in Kansas.
