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No branches to be closed in all-cash OakStar-First National deal

OakStar Bancshares Inc.'s pending acquisition of First National Bancshares Inc. will be an all-cash transaction, according to a filing recently acquired by S&P Global Market Intelligence.

The parties requested that Federal Reserve approval be granted no later than April 1.

Should the deal close, Camdenton, Mo.-based First National Bank will merge into Springfield, Mo.-based OakStar Bank. No First National branches are slated for closure, nor is any part of the target to be divested.