Legacy Bank & Trust to buy First National Bank of Clinton
Legacy Bank & Trust Co. parent company Ozarks Heritage Financial Group Inc. agreed to purchase Financial Enterprises Inc., the holding company of First National Bank of Clinton.
Through the deal, Rogersville-based Legacy Bank & Trust would gain access to the Clinton banking company’s $70 million in assets and three branches, including one in Springfield. Combined with the Buerge family’s First National Bank of Clinton, Legacy Bank & Trust would have $237 million in assets, $184 million in deposits, $191 million in gross loans and seven southwest Missouri branches. Terms of the deal were not included in a news release.
“Coming from a family-owned institution for over 120 years, I feel confident that we understand and appreciate the relationships built by First National Bank of Clinton, which has been family owned for nearly 50 years,” Legacy Bank & Trust Co. Chairman Chris Harlin said in the release. “It was this mutual admiration that made this venture possible.”
In 1970, the Buerge family bought First National Bank of Clinton, a company chartered in 1945. Its current president and CEO, Aaron Buerge, will become a board member of Ozarks Heritage Financial and Legacy Bank & Trust.
The deal is expected to close in the fourth quarter, pending regulatory approvals and a vote by Financial Enterprises shareholders, according to the release.
A simple swab of the inside of your cheek can lead to optimizing your nutrition and fitness program, personal medication profile, in addition to your ancestry. According to Austin O’Reilly, owner …
Booked - Go Back to the Basics
“You’ve gotta go back to the basics,” says Larry Peterson, Executive Director, Habitat for Humanity of Springfield Missouri. Peterson says he gains leadership advice from General Ulysses S. …
App-titude - Due - A Simple To Do List
Are your having trouble keeping track of everything on your to-do list? Due is an iOS app that helps you keep track of all your errands. “It essentially does just one thing — it keeps a due date …
Three Tips to Build Employee Buy In
“First and foremost if you have any kind of idea that you want to bring forward, it has to be data driven,” says Kelly Lee, Business Program Manager on the Infrastructure Team at Facebook. Lee …
My Mentor - Career Guidance
“I’ve had a couple [mentors], but probably a career mentor is David Agee. He’s been there since the day I started,” says Amanda Tummons with Husch Blackwell, one of Springfield Business …