Century Bank acquisition completed
With the purchase of Century Bank of Oklahoma, Yorktown Financial now has four locations.
Yorktown Financial Holdings Inc. completed its acquisition Wednesday of Pryor-based CNBO Bancorp Inc., the holding company of Century Bank of Oklahoma.
Terms of the transaction were not disclosed.
“I'm running on fumes. It's very, very satisfying,” said Steve Austin, the bank's new CEO. “I have to do a shoutout to the State Banking Department and the Federal Reserve Bank of Kansas City. They have been very nice to work with.”
The new bank's 129 shareholders raised nearly $14.5 million in capital.
Yorktown Financial now has four locations — two in Pryor and two in the Tulsa area.
Century Bank of Oklahoma initially expanded into the Tulsa market in November 2008, operating out of a temporary site until it moved a year later to a permanent location at 5705 E 71st St. Last year, it opened a second Tulsa branch at 2201 E 21st St., which had previously been leased by Bank of the West.