Business

August 30, 2012

Regulators approve Hutchinson’s First National merger

Federal regulators have approved First National Bank of Hutchinson’s merger with First National Bank of Southern Kansas.

Federal regulators have approved First National Bank of Hutchinson’s merger with First National Bank of Southern Kansas.

The Office of the Comptroller of the Currency, the regulator of nationally chartered banks, posted on its website this week that it approved the merger Aug. 13.

The Hutchinson bank announced the merger in early July.

The deal is expected to close Sept. 24, the Hutchinson bank said in a news release.

When complete, the three branches of Southern Kansas — Andale, Goddard and Mount Hope, where it is based — will become branches of the Hutchinson bank, which has $549 million in assets.

The deal also marks the Hutchinson bank’s expansion into the Wichita area.

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