CLAREMORE, OK – RCB Holding Company (RCBHC) is expanding its presence in Kansas with the acquisition of Central Bank and Trust Co. (CB&T). Pending regulatory approval, the sale is expected to be finalized in the second quarter of 2018. All six locations in Hutchinson and Wichita are included in the transaction and will continue to operate as CB&T until late first quarter 2019.
“We are very grateful to Earl McVicker, chairman, CEO and president of CB&T, for the opportunity to be involved in the Hutchinson community and expand our presence in the Wichita market with additional facilities on the east and west side. Mr. McVicker and his team have set a high standard for customer service and community involvement, a model we expect to maintain with the help of his existing employees,” said Roger Mosier, RCBHC president and CEO. “Hutchinson and Reno County will provide new opportunities for us, and our community bank model fits well in that market. The Wichita locations provide additional opportunities for us in an important, expanding market for RCB Bank.”
Central Bank and Trust Co., headquartered in Hutchinson, KS, has $323 million in assets and 73 employees according to the December 31, 2017 call report.
“After RCBHC contacted us regarding their interest in partnering in our communities, our board considered how our customers will be served and our staff affected,” said McVicker. “Our employees have always provided a high level of customer service and it was important that the level of service be maintained. RCBHC’s community bank tradition was a very important part of our decision. We are confident RCB Bank will continue to provide the high level of customer service our customers have come to expect from Central Bank.”
McVicker will continue with RCB Bank in a capacity as chairman of the RCB Bank Kansas Market Board.
With the addition of Central Bank and Trust, RCB Holding Company’s two banks will expand to 58 locations across Oklahoma and Kansas, and $3.1 billion in assets.
“We are excited about the entry into Hutchinson and Reno County and the expansion of the Wichita market provided by this partnership with CB&T,” said Mosier. “We will continue to service each community with the same approach and promise as stated on our opening day January 4, 1936, ‘to provide people and facilities who are friendly in service and progressive in spirit.’”
McVicker added, “Central Bank and Trust has a long tradition of building strong relationships within the communities we serve. The products and services offered by RCB should enhance the relationships in those communities now served by Central Bank and Trust.”