trending Market Intelligence /marketintelligence/en/news-insights/trending/MfPgsaDJKFUeNO5a9KPnfw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Nebraska-based Security State Bank to acquire Metropolitan Building & Loan

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Nebraska-based Security State Bank to acquire Metropolitan Building & Loan

Ansley, Neb.-based Security State Bank is looking to acquire Omaha, Neb.-basedMetropolitan Building & Loan Association,according to an interagency Bank Merger Act application recently obtained by SNL.

The acquisition covers deposit and loan accountsof Metropolitan, as well as the operation of its main office.

Security State's affiliate, The Insurance Center,will continue its insurance activities and may have a presence in the branch.The buyer has no plans to raise additional equity or incur debt.

The application, filed April 14, further disclosedthat Metropolitan President and CEO Ralph Brown Jr. will become an employee butnot have a management role, at Security State. Directors and senior executives willremain the same for Security State.

Security State Bank, a unit of , had total assets of $192.9million, as of Dec. 31, 2015, according to SNL data.