Overbrook Bankshares, Inc., the holding company of The First Security Bank, and Norcon Financial Corp., the holding company of Conway Bank, have jointly announced today the signing of a definitive agreement whereby Overbrook Bankshares, Inc. will acquire Norcon Financial Corp. through the merger of Norcon Financial Corp. with and into Overbrook Bankshares, Inc., with Overbrook Bankshares, Inc. continuing as the surviving entity. Immediately following the merger, Conway Bank will be merged with and into The First Security Bank, with The First Security Bank continuing as the surviving bank. The transaction has been approved by the board of directors of each company and is expected to close in the first half of 2026, subject to customary closing conditions, including shareholder and regulatory approvals.
Based on the most recent reported financials, the combined institution is expected to have approximately $225 million in total assets and 8 banking offices across the Kansas City, Topeka, and Wichita MSAs.
With the announcement, Overbrook Bankshares Inc.’s Chairman, Kent Needham, commented, “We are excited to expand our commitment to Kansas banking through the merger of our two organizations. The team at Conway Bank has done an excellent job building relationships with their clients and communities, and it is our plan to deepen those existing ties. Supporting our local communities remains at the heart of our mission, and this partnership with Conway Bank is a significant milestone in our journey to serve them better.””We look forward to teaming up with The First Security Bank,” said Joe Rottinghaus, President & CEO of Conway Bank. “This transaction positions us for the future of banking. We’re combining the strengths of two well-respected organizations to create new opportunities for our customers, employees, and the communities we serve. Partnering with The First Security Bank allows us to continue the legacy of local decision making, relationship banking and commitment to community while providing greater access to products and services.”
Fenimore Kay Harrison LLP served as legal counsel to Overbrook Bankshares, Inc. Olsen Palmer LLC served as financial advisor to Norcon Financial Corp., and Stinson LLP served as its legal counsel.
