Community National Bank & Trust undergoing merger
Community National Bank & Trust announces the merger of Prairie Bank of Kansas and Farmer National Bancshares Inc. with Community National and Community Bancorp Inc.
“We look forward to working with the excellent management team, officers, staff and fine customers at Prairie Bank of Kansas. We believe that combining the resources of these two strong and well-respected Community Banks will ensure an excellent commitment to the great communities that Prairie Bank of Kansas has serviced so well for over 135 years,” said Dan Mildfelt, President, CEO and chairman of Community National Bank & Trust, Chanute.
James Richardson, CEO of Prairie Bank of Kansas, and Dan Mildfelt, have signed an agreement whereby Community Bancorp, Inc. will acquire all the stock of Farmers National Bancshares Inc. and thereby acquire Prairie Bank of Kansas, which will be merged into Community National Bank & Trust. The acquisition is expected to be completed early in the third quarter of 2025 and is subject to regulatory approval.
Prairie Bank of Kansas is headquartered in Stafford, Kansas with branch offices in Buhler, Inman and Hutchinson. Prairie Bank of Kansas was established in 1886, became a national bank in 1909, and then in 2013 became a state-chartered bank. Prairie Bank of Kansas, formerly known as Farmers National Bank, acquired Buhler State Bank in 1993, United Bank of Inman in 1997 and opened a branch in Hutchinson in 2009.
Prairie Bank of Kansas expects to complete the second quarter of 2025 with total assets exceeding $135 million and loans exceeding $83 million.
James Richardson, CEO of Prairie Bank, stated, “Both banks are excited about the acquisition. Prairie Bank is pleased to associate with a bank that is very community oriented and will continue to provide that one-on-one service to which our customers are accustomed.”
In recent years, the Comptroller of the Currency’s Community Reinvestment Act examination reflects an “Outstanding Rating” in Community Development.
“We look forward to merging with Prairie Bank of Kansas and continuing to provide exceptional banking service to each community,” said Dan Mildfelt.
Community National Bank & Trust is a $2.2 Billion asset community bank with local ownership in 42 banking locations in Kansas, Missouri and Oklahoma.
