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07/16/2015

First State Community Bank to Acquire Central Bank

Barack Ferrazzano Represents First State Community Bank

On July 9, 2015, First State Bancshares, Inc., the Farmington, Missouri based financial services holding company for First State Community Bank, announced the execution of a definitive agreement to acquire Central Bank in Lebanon and Conway, Missouri. The Barack Ferrazzano Financial Institutions Group acted as legal counsel for First State Bancshares in the transaction. With the addition of Central's five offices, First State expands its footprint to 50 banking locations spread throughout Missouri. The acquisition, subject to approval by federal and state regulators, is expected to close in the second half of 2015. Barack Ferrazzano's legal team was led by Dennis R. Wendte and Abdul R. Mitha.

Barack Ferrazzano Financial Institutions Group

In recent years, our 30-attorney Financial Institutions Group has represented more than 250 financial institutions across the country, including buyers and sellers of financial institutions in more than 200 M&A deals. Our M&A experience is unparalleled-over the past decade, our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to SNL Financial. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2015 report.

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