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True Tales of Ownership Succession

By Bill Poquette, Editor-in-Chief

The sometimes painful process of bank ownership succession planning was highlighted at the recent Nebraska Bankers Association annual convention by a panel of CEOs who became new owners when presented with the opportunity by previous owners.

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Acquisition Brings Together Community Banking Media Companies

NFR Communications, Inc., publisher of BankBeat magazine and provider of communication services to the commercial banking industry, has acquired BankNews Media in a deal that brings together two media companies that each have more than a century of history. The deal closed May 28.

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Missouri’s Central Bancompany and Liberty Bancorp Announce Merger

Central Bancompany Inc., based in Jefferson City, Mo., has agreed to acquire Liberty Bancorp Inc., the holding company for BankLiberty in the Kansas City suburb of Lee’s Summit, Mo. Under the terms of the merger agreement, BankLiberty will also be merged into Central Bancompany’s affiliate bank, Central Bank of the Midwest, also headquartered in Lee’s Summit.

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HomeStar Bank to Become Part of Midland States Bank

HomeStar Bank and Financial Services in Manteno, Ill., is being acquired by Midland States Bank in Effingham, Ill. The banks currently expect the merger to occur in October.

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Rural Mainstreet Bankers Anticipate Flood Loan Defaults

The Creighton University Rural Mainstreet Index for April stood at growth neutral for the month. According to the monthly survey of bank CEOs in rural areas of a 10-state region depending on agriculture and/or energy, the RMI has now remained at, or above, growth neutral 50.0 for five straight months.

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