Bethany Bankshares, Inc., the holding company of BTC Bank, and Bancshares of Glasgow, Inc., the holding company of Tri-County Trust Company, have jointly announced the signing of a definitive agreement pursuant to which Bethany Bankshares, Inc. and BTC Bank will acquire Bancshares of Glasgow, Inc. and Tri-County Trust Company, located at 103 Commerce Street, Glasgow, Missouri, 65254. The agreement and the related transaction have been approved by the boards of directors of both Tri-County Trust Company and BTC Bank. The transaction remains subject to customary conditions, including the approval of applicable regulatory agencies and the shareholders of Tri-County Trust Company, and is expected to close in the second quarter of this year.
“We are excited to continue our strategic growth across Missouri,” said Doug Fish, President and CEO of BTC Bank. “Tri-County Trust Company serves a strong rural community that aligns with our mission and values, and this partnership further strengthens our ability to bring community banking to more people, families, and businesses throughout the region.”
From Tri-County Trust Company’s perspective, the agreement represents both a continuation of its legacy and an investment in the future.
“For more than 100 years, Tri-County Trust Company has proudly served the financial needs of Glasgow and the surrounding communities,” said Shannon Damron, President and CEO of Tri-County Trust Company. “By joining forces with BTC Bank, another longtime community bank, we will bring together two well-respected financial institutions that share the same philosophy—local decision-making, relationships valued over transactions, and a continued commitment to the communities we serve. I am proud of our history, confident in where we stand today, and truly excited about the future we’re building with BTC Bank.”
After the sale, and with the recent announcement of its Tipton Latham Bank, N.A. acquisition, BTC Bank will operate 29 locations throughout Missouri and southern Iowa, along with a mobile branch serving rural communities. Founded in 1919, BTC Bank has grown to be the number one agricultural bank in Missouri, as recognized by the Independent Community Bankers of America (ICBA), with total assets exceeding $1.5 billion.
Following the completion of the transaction, Tri-County Trust Company’s customers will gain access to BTC Bank’s full suite of financial products and services, while continuing to work with the familiar staff they know and trust. Both institutions emphasized that maintaining strong community ties and delivering high-quality service will remain top priorities throughout the transition.
“We look forward to welcoming Tri-County Trust Company’s customers and employees into the BTC Bank family,” added Fish. “As we continue to grow, our focus remains on providing a smooth transition, expanding resources and opportunities, and maintaining the personalized service and community commitment that have defined BTC Bank for more than a century.”
Additional details will be shared with customers and the community as the closing date approaches.
Fenimore Kay Harrison LLP served as legal counsel to Bethany Bankshares, Inc. and Stinson LLP served as legal counsel to Bancshares of Glasgow, Inc.
About BTC Bank
BTC Bank, established in 1919, is a community bank with deep roots in serving rural communities and farm families. Recognized by the Independent Community Bankers of America (ICBA) as the number one Ag Bank in Missouri, BTC Bank is committed to supporting agriculture and providing trusted financial services to farmers and members of the community. With branches across Missouri and Iowa, BTC Bank continues to grow while maintaining its community-first values.
Contacts:
BTC Bank
Doug Fish
President & CEO
(660) 425-7285
Tri-County Trust Company
Shannon Damron
President & CEO
(660) 338-2234