Business

Hutch bank completes acquisition of Mount Hope bank

First National Bank of Hutchinson said Monday it has completed its acquisition of the First National Bank of Southern Kansas in Mount Hope.

The acquisition gives the Hutchinson bank its first foothold in the Wichita area.

The Mount Hope bank also operates branches in Andale and Goddard.

Officials from the Hutchinson bank said in a news release that the acquisition increases the bank’s asset size to $605 million.

The deal, financial terms of which were not disclosed, was announced in July.

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