Business

April 17, 2014

Bank acquisition planned in northwest Kansas

Stockton National Bank in northwest Kansas plans to acquire a bank in nearby Norton, according to a regulatory filing made public this week.

Stockton National Bank in northwest Kansas plans to acquire a bank in nearby Norton, according to a regulatory filing made public this week.

The Stockton bank applied to the Office of the Comptroller of the Currency on April 10 to acquire First Security Bank & Trust Co., a state-chartered bank established in 1887 that operates a branch in Lenora, also in the northwest part of the state.

First Security has $63 million in assets and Stockton, founded in 1900, has $112 million in assets, according to the Federal Deposit Insurance Corp.

The approval process includes a 30-day public comment period on the acquisition that ends May 9, according to the OCC filing.

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