trending Market Intelligence /marketintelligence/en/news-insights/trending/jkfxK1vAM7_DGksYWFFLBg2 content esgSubNav
In This List

Oklahoma-based Cowboy Bancshares looking to acquire Bank of Kremlin

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Oklahoma-based Cowboy Bancshares looking to acquire Bank of Kremlin

Enid, Okla.-based Cowboy Bancshares LLC is seeking to become a bank holding company by acquiring 100% of the voting shares of Kremlin, Okla.-based Bank of Kremlin, according to a Federal Reserve release for the week ending Sept. 7.

Bank of Kremlin, a unit of Kremlin Bancshares Inc., had $304.3 million of total assets as of June 30, according to S&P Global Market Intelligence data.

S&P Global Market Intelligence valuations for bank and thrift targets in the Southwest region between Sep. 5, 2018, and Sep. 5, 2019, averaged 179.00% of book and 183.67% of tangible book and had a median of 13.82x last-12-months earnings, on an aggregate basis.

Bank of Kremlin operates five branches in Garfield County, Okla., ranked third with a 16.19% share of approximately $1.45 billion in total market deposits and operates one branch in Alfalfa County, Okla., ranked fifth with a 4.03% share of approximately $366.7 million in total market deposits.

To use S&P Global Market Intelligence's branch analytics tools to compare market overlap, click here. To create custom maps, click here.

SNL Image