BTC BANK – For Immediate Release
March 8, 2019
Contact: Ashley Shisler, Marketing Director
BTC Bank is proud to announce that it has signed an agreement to purchase The Bank of Fairport with locations in Maysville and Osborn, Missouri. Terms of the purchase provide for BTC Bank to acquire substantially all of the assets, deposits and liabilities associated with Bank of Fairport.
“We are excited to have the opportunity to acquire such a community minded bank in the Maysville and Osborn area,” said Doug Fish, BTC Bank President and CEO. “Bank of Fairport’s employees and customers are a perfect fit for BTC Bank and will blend in naturally. We look forward to expanding our presence into this new market and increase our commitment to the local communities there.”
The purchase is subject to regulatory and stockholder approval, which will likely occur over the next two months. The banks expect integration planning to begin immediately and the conversion of banking systems to take place within a couple weeks of the transaction’s closing. Once finalized, BTC Bank will have 11 locations throughout Missouri and one in Southern Iowa.
“For 100 years, BTC Bank has been committed to helping individuals, families, businesses and farmers thrive and be successful in our communities,” says Fish. “We will take the necessary steps to ensure a smooth transition of service for our new customers, while continuing our long-term commitment to providing exemplary service to all of the communities we serve.”