trending Market Intelligence /marketintelligence/en/news-insights/trending/trvhukfdqhn6o5btg5cmjg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Kansas-based Wamego Bancshares seeking to acquire St. Marys State Bank

Banking Essentials Newsletter December Edition Part 2

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


Kansas-based Wamego Bancshares seeking to acquire St. Marys State Bank

Wamego, Kan.-based Wamego Bancshares Inc. is seeking to acquire 100% of the voting shares of Saint Marys, Kan.-based St. Marys State Bank, according to the Federal Reserve's website.

Terms of the deal were not disclosed. For reference, however, SNL valuations for bank and thrift targets in the Midwest between March 21, 2017, and March 21, 2018, averaged 161.02% of book, 167.14% of tangible book and had a median of 20.33x last-12-months earnings, on an aggregate basis.

Wamego Bancshares is the parent of Bank of the Flint Hills, which had $205.4 million in assets as of Dec. 31, 2017, SNL data shows. St. Marys State Bank, a unit of PCI Holdings Inc., had $95.8 million in assets as of the same date. In Kansas, Wamego Bancshares will enter Shawnee County with one branch, to be ranked No. 20 with a 0.24% share of approximately $4.46 billion in total market deposits. It will expand in Pottawatomie County by one branch, where it will rank first with a 33.62% share of approximately $620.60 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 is owned by S&P Global Market Intelligence.

SNL Image