Banks in Crescent Plan Merger

From: The Journal Record | Date: December 28, 1994| Author: Mindy Kepfield | Copyright information

Journal Record Staff Reporter

Farmers Merchants Bank of Crescent has agreed to merge with The Bank of Crescent, it was announced Tuesday.

The merger is subject to banking regulatory agency approval and is expected to be completed early in the second quarter of 1995.

The merger is a negotiated cash purchase of The Bank of Crescent by Farmers Merchants. Sale price of The Bank of Crescent was not disclosed.

Guy Sims, president of The Bank of Crescent, said tha...

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