Kansas-based CrossFirst Bank has struck a deal to purchase Tulsa National Bank.
The sale is expected to be finalized in the third quarter of the year, pending regulatory approval. Terms of the sale were not disclosed.
Founded in 2007, CrossFirst also recently opened its first Oklahoma City branch and has announced plans to expand into Oklahoma.
CrossFirst Bank, based in Leawood, Kan., has grown to $600 million in assets. It also has banks in Kansas City and Wichita.
CrossFirst also announced Thursday that it has added former Oklahoma congressman and NFL Hall of Fame receiver Steve Largent to serve on the board of directors for the bank's parent company, CrossFirst Holdings LLC.
Largent is president and CEO of the wireless industry trade group CTIA — The Wireless Association.
“The Tulsa market is important to us as it completes our four-market strategy,” CrossFirst Bank Chairman Ron Baldwin said in a statement.
“Tulsa National is a well-established bank and has a similar one-location strategy to serve businesses, professionals and their families.”
Established in Tulsa in 1984, Tulsa National Bank has about $150 million in assets. Tulsa National has one location at 7120 S Lewis Ave. in Tulsa.
“With CrossFirst's capital, fiscal strength and experienced leadership, our customers will be well served,” Tulsa National Bank President Jim Batson said.
With CrossFirst's capital, fiscal strength and experienced leadership, our customers will be well served.”
Tulsa National Bank President