First National Bank of Hutchinson said it has received approval from its regulator to merge with BankHaven.
With the Office of the Comptroller of the Currency approval, First National said, the anticipated merger date with BankHaven is May 10.
Terms of the transaction were not disclosed.
Once complete, BankHaven's single office in Haven will become a branch of First National, a $578 million bank, and retain the same operating hours that BankHaven had.
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"A community bank plays a key role in the towns it serves — not just an important economic one — but also a leadership role supporting local charitable and cultural activities," said R.A. Edwards, president and CEO of First National, in a press release. First National "intends on supporting and sponsoring the Haven community in a manner similar to the traditions established by BankHaven."
BankHaven closed its only other branch, at 13th and Tyler in Wichita, in 2008.
Less than a month after that announcement, the Federal Deposit Insurance Corp. said it had filed a cease-and-desist order against the $22 million bank.