Southwest Bancorp (OKSB) in Stillwater, Okla., is selling three branches in Kansas.
The $2 billion-asset company said late Thursday that it would sell branches in Anthony and Harper to BancCentral in Alva, Okla. A third branch, in Overland Park, is being sold to Fidelity Bank in Wichita, Kan.
The branches have a total of $135 million in deposits. The sales are expected to close in the second quarter.
Southwest said it will maintain branches in three Kansas cities, along with its existing operations in Oklahoma and Texas.
The decision followed "a strategic evaluation of where to best invest our capital and resources," Southwest President and Chief Executive Mark Funke said in a press release. "We have no plans to divest of any other banking offices at this time, and will focus on growing our presence in the other markets in which we operate."
Southwest was advised by D.A. Davidson and McAfee & Taft. BancCentral was advised by Fenimore, Kay, Harrison & Ford. Fidelity Bank was advised by Kilpatrick Townsend & Stockton.
