First National Bank of Omaha will buy $2.2 billion-asset CCB Financial Corp. this year, expanding deeper into the Midwest’s sixth biggest market, Kansas City.
The deal will grow FNBO, a subsidiary of First National Bank of Nebraska, to roughly $35 billion in assets, and will combine two privately-owned, family-led banks into one company. Financial terms of the deal were not disclosed.
“At FNBO, we know that long-term relationships are the cornerstone of community growth, and we were inspired by Country Club Bank’s shared commitment to that ideal,” said FNBO Chairman and President Clark Lauritzen in a prepared statement…