CrossFirst Bank has entered into an agreement to acquire Tulsa National Bancshares and its subsidiary Tulsa National Bank, according to a news release from CrossFirst.
Pending regulatory approval, the transaction is anticipated to close during the third quarter of 2013.
Founded in 2007 in Kansas City, CrossFirst has grown to $600 million in assets and has banks in Kansas City, at 1313 N. Webb Road in Wichita, and Oklahoma City.
After the Tulsa National merger, CrossFirst is expected to reach $750 million in assets.
Tulsa National Bank, with assets of $150 million, was established in 1984.
CrossFirst Holdings also announced Thursday that it has appointed Steve Largent, a former Republican congressman from Oklahoma and former NFL receiver for the Seattle Seahawks, to the bank’s board of directors. Largent, a native Oklahoman, is president and CEO of CTIA – The Wireless Association.