TULSA — Valley National Bank and Bank of the Lakes will officially merge Monday.
Although the combined institutions will be called Valley National Bank, the process of changing Bank of the Lakes signage could take most of this year, company officials said.
With the merger, bank customers will benefit from increased lending capacity and additional branches, officials said.
Starting Monday, customers will be able to use all 11 branches, which include seven Bank of the Lakes locations and four Valley National sites. In addition to Tulsa, bank branches are in Bixby, Bernice, Catoosa, Collinsville, Ketchum, Langley, Oologah and Owasso.
Both banks provide retail banking services, and commercial banking for small- to middle-market businesses.
When the merger plan was announced in December, the banks said the combination would increase efficiencies, broaden services and be a response to “cumbersome” federal regulations.
“The merger process has been carefully considered, planned and implemented over the past two years and we are thrilled to continue to grow with you,” bank owner Robert Biolchini said.