CrossFirst Bank, a subsidiary of CrossFirst Bankshares, will acquire Farmers & Stockmens Bank, a subsidiary of Central Bancorp.
The deal widens the scope of CrossFirst, providing expansion opportunities in Colorado and New Mexico.
“We are thrilled to welcome Farmers & Stockmens and Central Bank & Trust clients and employees to our CrossFirst team,” said Mike Maddox, CrossFirst’s CEO. “This transaction allows us to enter new, dynamic markets and expand our capabilities by partnering with an impressive team of bankers. We have tremendous respect for the Farmers & Stockmens and Central Bank & Trust management teams and are confident this combination will create extraordinary value.”
CrossFirst was advised in this transaction by Keefe, Bruyette & Woods, a Stifel Company, as financial advisor and Stinson LLP as legal counsel. Central was advised by Piper Sandler & Co. as financial advisor and Otteson Shapiro LLP as legal counsel.