Stinson Represents United Bank & Trust in Branch Acquisition
Stinson serves as legal counsel to United Bank & Trust in its acquisition of Equity Bank's branch locations in Concordia, Belleville and Clyde, Kansas.
Approximately $60 million in deposits and $24 million in loans are included in the acquisition. The transaction is expected to close in the second quarter of 2022.
UBT Bancshares, Inc. is the parent company of United Bank and Trust, a community bank with headquarters in Marysville, Kansas, and 14 locations in its North Central Kansas footprint. As of June 30, 2021, UBT had $738 million in consolidated total assets, and deposits of $576 million.
Stinson attorney Greg Johnson is involved in the matter.