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Fed OKs Sunflower Financial/Strategic Growth Bancorp deal


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Fed OKs Sunflower Financial/Strategic Growth Bancorp deal

The Federal Reserve Board approved the pending deal of El Paso, Texas-based Strategic Growth Bancorp Inc. and Salina, Kan.-based Sunflower Financial Inc.

According to the Fed's approval order, the combined organization will be FirstSun Capital Bancorp. The combined company will be the 240th-largest depository organization in the U.S. and the 25th-largest in Colorado, with consolidated assets of approximately $4.0 billion and deposits of roughly $3.2 billion.

The transaction also received an earlier approval from the Office of the Comptroller of the Currency.