Great Plains National Bank (“Great Plains Bank”) and Liberty Federal Savings Bank (“Liberty Federal”) have announced the signing of a definitive agreement under which Liberty Federal will merge into Great Plains Bank, which will continue as the surviving bank. The boards of directors of both banks have approved the definitive agreement and proposed transaction, which is expected to close in the second quarter of 2018, subject to certain conditions, including regulatory approvals.
Great Plains Bank CEO Mark Russell stated, “Liberty Federal is a solid community bank whose markets are a great fit for us because they have many agriculture and oilfield service company businesses which we specialize in providing banking services to. Over the course of 100 years since this bank was founded, we have built our foundation on serving agriculture and energy businesses. We have our roots in communities like these, so we’re excited for the opportunity to partner with Enid, Stillwater and Frisco and welcome Liberty Federal’s employees into the Great Plains Bank family. Doug Parker, President of Liberty Federal, is an outstanding leader, so his continued leadership will ensure that the customers will be served by the same, committed employees they are accustomed to.”
Parker added, “We’re looking forward to all of the advantages this partnership with Great Plains Bank brings. Our customers will continue to receive the high-quality service they’ve come to expect from our employees, along with having access to more bank locations, increased lending capabilities, improved technology and a wide range of banking products and services to choose from. Great Plains Bank is a natural fit for Liberty Federal because they are a dedicated community bank with a great deal of expertise in agriculture and energy lending, so I have no doubt our customers and employees will benefit from teaming up with a strong and storied community bank like Great Plains Bank.”
Liberty Federal was established in 1918 and has locations in Enid and Stillwater Oklahoma and Frisco, Texas. Great Plains Bank has 17 locations in 15 Oklahoma communities. Great Plains Bank also has a full-service mortgage operation, with loan production offices in Oklahoma, Texas and California. Great Plains Bank is committed to providing a level of service that separates itself from its competition. Established in 1907, Great Plains Bank has grown to one of the largest banks in western Oklahoma. Great Plains Bank is a subsidiary of Great Plains Bancshares, Inc. Great Plains Bank is FDIC insured and an Equal Opportunity Lender.