The First Security Bank Announces Strategic Acquisition of Conway Bank for Enhanced Local Banking Services
In a notable development within the banking sector, Overbrook Bankshares, Inc., the parent company of The First Security Bank, has announced its intention to acquire Norcon Financial Corp., which oversees Conway Bank. This strategic agreement marks a significant milestone in their shared journey towards providing improved financial services across the region. Under the terms of the merger, Norcon Financial Corp. will be integrated into Overbrook Bankshares, with Conway Bank subsequently absorbed into The First Security Bank. This merger has been warmly received by the respective boards of directors and is projected to finalize in the first half of 2026, pending shareholder and regulatory approvals.
Currently, the combined assets of these institutions will be approximately $225 million, and they will maintain eight banking offices spread across the metropolitan areas of Kansas City, Topeka, and Wichita. The chairman of Overbrook Bankshares, Kent Needham, expressed excitement about this consolidation, emphasizing their commitment to enhancing local banking services. He highlighted the impressive relationships that Conway Bank has established within its community and asserted that the aim is to build on these ties further.
"Our mission is rooted in community service, and this partnership with Conway Bank signifies a vital step in strengthening our commitment to these communities," said Needham.
Alongside him, Joe Rottinghaus, the President and CEO of Conway Bank, articulated the positive future this merger heralds. He remarked, "This transaction positions us effectively for the future of banking. By joining forces with The First Security Bank, we are leveraging the strengths of two esteemed organizations to create a wealth of new opportunities for our customers, employees, and the broader communities we serve. This partnership is pivotal, as it empowers us to uphold a legacy of local decision-making and commitment to relationship banking."
Legal counsel for this acquisition was provided by Fenimore Kay Harrison LLP for Overbrook Bankshares, while Norcon Financial Corp. received financial advisory services from Olsen Palmer LLC and legal guidance from Stinson LLP.
Founded in 1897, The First Security Bank has long been recognized for its unwavering dedication to serving the financial needs of its local communities. The bank, headquartered in Overbrook, Kansas, has successfully grown its assets to over $100 million while maintaining its commitment to personalized service and local decision-making, which fundamentally distinguishes community banks from larger institutions. More can be discovered on their website: First Security Bank.
Conway Bank boasts an impressive legacy dating back to 1886, delivering nearly 140 years of trusted banking services. The bank, headquartered in Conway Springs, Kansas, has shown steadfast dedication to creating tailored financial solutions for individuals and business clients alike. With assets around $125 million, Conway Bank continues to exemplify growth and stability. Further details can be found at Conway Bank.
Currently, the combined assets of these institutions will be approximately $225 million, and they will maintain eight banking offices spread across the metropolitan areas of Kansas City, Topeka, and Wichita. The chairman of Overbrook Bankshares, Kent Needham, expressed excitement about this consolidation, emphasizing their commitment to enhancing local banking services. He highlighted the impressive relationships that Conway Bank has established within its community and asserted that the aim is to build on these ties further.
"Our mission is rooted in community service, and this partnership with Conway Bank signifies a vital step in strengthening our commitment to these communities," said Needham.
Alongside him, Joe Rottinghaus, the President and CEO of Conway Bank, articulated the positive future this merger heralds. He remarked, "This transaction positions us effectively for the future of banking. By joining forces with The First Security Bank, we are leveraging the strengths of two esteemed organizations to create a wealth of new opportunities for our customers, employees, and the broader communities we serve. This partnership is pivotal, as it empowers us to uphold a legacy of local decision-making and commitment to relationship banking."
Legal counsel for this acquisition was provided by Fenimore Kay Harrison LLP for Overbrook Bankshares, while Norcon Financial Corp. received financial advisory services from Olsen Palmer LLC and legal guidance from Stinson LLP.
About The First Security Bank
Founded in 1897, The First Security Bank has long been recognized for its unwavering dedication to serving the financial needs of its local communities. The bank, headquartered in Overbrook, Kansas, has successfully grown its assets to over $100 million while maintaining its commitment to personalized service and local decision-making, which fundamentally distinguishes community banks from larger institutions. More can be discovered on their website: First Security Bank.
About Conway Bank
Conway Bank boasts an impressive legacy dating back to 1886, delivering nearly 140 years of trusted banking services. The bank, headquartered in Conway Springs, Kansas, has shown steadfast dedication to creating tailored financial solutions for individuals and business clients alike. With assets around $125 million, Conway Bank continues to exemplify growth and stability. Further details can be found at Conway Bank.
Topics Financial Services & Investing）
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