ALVA, OK (January 16, 2014) – Myers BancShares, Inc. (MBI) and BancCentral, National Association (BCNA) announced the execution of agreements with Southwest Bancorp, Inc. to purchase branch banks in Anthony, KS and Harper KS.
BancCentral has purchased $123 million in combined holdings in the Anthony and Harper marketplaces.
“We are excited to welcome these customers and employees into our family atmosphere,” said Marilyn Myers, Chairman of the Board, MBI and BCNA.
“It has been our desire to offer banking services to more customers in our surrounding area. The main office, located in Alva, Okla., with branches in Woodward, Enid, and soon Anthony and Harper, will provide the opportunity to offer premiere banking services in some of the best communities around,” stated Kyle Hughbanks, President and CEO, MBI and BCNA.
“It will be exciting to work with our new friends in Kansas. A smooth transition is key to both our new customers, and our staff. We offer our customers quality banking services combined with the latest technology available,” said Brian Hofen, Chief Technology Officer at BCNA.
The transaction is expected to be completed in the second quarter of 2014, subject to regulatory approvals and other customary terms and conditions.
About BancCentral, N.A.
The opening of the Cherokee Strip in 1893 brought a boom of numerous businesses and banks in the Alva community. One of the institutions that survived from that time is BancCentral, N.A. (formerly known as The Central National Bank of Alva), that is owned and has been overseen by the Myers family since 1919.
Kyle D. Hughbanks was named President and CEO in 2007, the fourth to serve in that capacity since 1919.
BCNA is proud to be a local, privately owned financial institution celebrating its 100th Anniversary in 2013.