Mid America Bank to acquire Bank of St. Elizabeth

Posted 10/28/21

Friendship Bancshares Inc., the parent company of Mid America Bank, has announced plans to acquire Bank of St. Elizabeth. 

“We are thrilled about the upcoming acquisition of Bank of St. …

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Mid America Bank to acquire Bank of St. Elizabeth

Posted

Friendship Bancshares Inc., the parent company of Mid America Bank, has announced plans to acquire Bank of St. Elizabeth. 

“We are thrilled about the upcoming acquisition of Bank of St. Elizabeth and believe it will be a great combination of two outstanding local banks,” Chairman of Friendship Bancshares Inc./President and CEO of Mid America Bank Mark Luebbert said. “We believe our core values and culture will align for both the clients and associates of Bank of St. Elizabeth. We look forward to welcoming everyone to our organization in 2022 once integrated.”

Bank of St. Elizabeth President Brice Luetkemeyer agreed. “We are excited to be able to partner with Mid America Bank and their great team,” he said. “We’re looking forward to being able to provide the same great personal care for our customers with an expanded product and service line. Also, with the close proximity of the Mid America locations, it will allow more convenient service for our customers.”

The transaction is expected to close in late 2021 and is subject to regulatory approvals and the satisfaction of customary closing conditions. Once the acquisition is completed, additional information will be provided to clients of any change that will affect them. In the meantime, current clients of both institutions are encouraged to verify their contact information is up to date and correct.

Established in 1914, Mid America Bank is based in Wardsville and serves clients from six locations in central Missouri. Visit midambk.com for more information.