Hawthorn Bancshares (HWBK) Announces Agreement to Sell Branson, MO Branch

SOURCE: READ ORIGINAL ARTICLE HERE

BRANSON NEWS: News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
Hawthorn Bank, the wholly-owned subsidiary of Hawthorn Bancshares Inc. (NASDAQ: HWBK), today announced that it has entered into an agreement to sell its branch located in Branson, Missouri with total deposits of approximately $15 million to Branson Bank, Branson, Missouri. The transaction excludes loans assigned to the branch. Commenting on the agreement, David T. Turner, Chairman, CEO and President of Hawthorn Bank said, “We have enjoyed serving the Branson, MO area for the past 14 years. As we focus our network on our other markets, it was vitally important to us that we find a buyer for our southern-most branch who would provide a comparable level of service and the full range of financial products our customers have come to expect. We found what we were looking for in Branson Bank.”After the sale, Hawthorn Bank will continue to operate 22 branch locations, primarily in central and west central Missouri.The transaction, which is subject to regulatory approval and certain closing conditions, is expected to close during the first quarter of 2019.


SPONSOR:

Best Branson Condos: The best deals in Branson Missouri for nightly condo rentals. Quality condo rentals with no hidden fees or catches. The best option when visiting Branson, Missouri for your next vacation.
VISIT: Best Branson Condos for more information.

Powered by WPeMatico

All Things Branson Sponsor:

All Things Branson Sponsor:

Comments

comments

Leave a Reply

Your email address will not be published. Required fields are marked *