Business Services Industry
Commercial Federal Corp. of Omaha to Buy Kansas-based Bank.(Originated from The Wichita Eagle, Kan.)
Knight Ridder/Tribune Business News, September, 1997 by McMillin, Molly
Sep. 3--Continuing a wave of consolidation in the local financial services industry, El Dorado-based Mid Continent Bancshares Inc., said late Tuesday that it had agreed to be acquired by Commercial Federal Corp. of Omaha.
The transaction, worth $84.15 million, is expected to close in the first half of 1998. It will combine two savings and loans with a total of 37 branches in Kansas.
"We're excited about the deal," said Richard Pottorff, president of Mid Continent, parent company of Mid-Continent Federal Savings.
"We like the way they do business and serve the community and take care of the customers."
Mid Continent, with assets of $359.2 million, employs about 160 people in 10 branches. Including all commercial...
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