Friendship Bancshares Inc., parent company of Mid America Bank, announced Monday its plans to acquire the Bank of St. Elizabeth.
Brice Luetkemeyer, president of Bank of St. Elizabeth, said in a news release, "We are excited to be able to partner with Mid America Bank and their great team. 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."
Bank officials said the transaction is expected to close late this year 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 which will affect them.
Mid America Bank is based out Wardsville and serves clients from six locations in central Missouri: Wardsville, Meta, Linn, Holts Summit, Belle and Jefferson City.