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Legacy Bank & Trust finalizes acquisition

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Rogersville-based Legacy Bank & Trust Co. completed its purchase of First National Bank of Clinton.

The deal for undisclosed terms closed Feb. 16, with Legacy Bank adding three branches in Clinton and Springfield to its portfolio, according to a news release.

“Our associates have worked especially hard over the past 12 months in creating new products and services that will not only benefit our existing customers, but also our new customers from First National Bank,” said John Everett, president and CEO of Legacy Bank, in the release.

Legacy Bank parent company Ozarks Heritage Financial Group Inc. in July 2017 announced it penned an agreement to buy Financial Enterprises Inc., the holding company of First National Bank of Clinton.

Aaron Buerge, First National’s president and CEO for the company his family bought in 1970, became a board member of Ozarks Heritage Financial and Legacy Bank through the deal.

Through the purchase, Legacy Bank’s assets now exceed $230 million. It employs 70 people at seven branches.

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