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Capitol Federal Financial completes acquisition of Capital City Bancshares

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Capitol Federal Financial completes acquisition of Capital City Bancshares

Topeka, Kan.-based Capitol Federal Financial Inc. has completed its acquisition of in-state peer Capital City Bancshares Inc. and unit Capital City Bank.

The deal allows Capitol Federal to offer commercial, personal, trust and brokerage products and services.

Upon closing, Capital City President and CEO Bob Kobbeman joined Capitol Federal to run the company's new commercial banking division.

The combined company has about $9.48 billion in assets and $5.70 billion in deposits as of June 30. Meanwhile, Capitol Federal Savings Bank had $9.07 billion in assets and Capital City Bank had $431.9 million in assets.