Sunflower Bank to acquire Texas-based Pioneer Bank
DENVER and AUSTIN — Sunflower Bank is acquiring Pioneer Bank in an all-stock transaction, the banks announced jointly this week.
The after the sale, Sunflower Bank would manage more than $7 billion in total assets with more than $5 billion in loans and deposits. It will have more than 60 locations in Colorado, Kansas, Arizona, New Mexico and Texas.
The transaction is expected to close in October.
SPONSORED CONTENT
How dispatchable resources enable the clean energy transition
Platte River must prepare for the retirement of 431 megawatts (MW) of dispatchable, coal-fired generation by the end of the decade and address more frequent extreme weather events that can bring dark calms (periods when there is no sun or wind).
© 2021 BizWest Media LLC
DENVER and AUSTIN — Sunflower Bank is acquiring Pioneer Bank in an all-stock transaction, the banks announced jointly this week.
The after the sale, Sunflower Bank would manage more than $7 billion in total assets with more than $5 billion in loans and deposits. It will have more than 60 locations in Colorado, Kansas, Arizona, New Mexico and Texas.
The transaction is expected to close in October.
© 2021 BizWest Media LLC
…THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!