BankLiberty in Liberty, Mo., has a deal to buy nearly all of the banking operations, assets, and deposits of Farley State Bank in Parkville.
The price was to be paid in cash, but the amount was not disclosed.
BankLiberty would gain about $38 million of assets, $34 million of deposits, and three branches in Platte County.
Liberty Bancorp Inc., BankLiberty's parent company, announced the deal late Friday.
"Through this acquisition, we are adding key bank locations and people that will help us continue our market-share growth" in the Kansas City area, Brent Giles, Liberty Bancorp's president and chief executive officer, said in a press release.
BankLiberty has $338 million of assets and six branches. Mr. Giles said two of its branches are in Platte County and it is building another there.
BankLiberty ranks ninth in market share in that county, with 4.95% of the deposits, according to data from the Federal Deposit Insurance Corp. Buying Farley State would propel it to fourth place.
The deal is expected to close in the second or third quarter.
