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Article: Arvest Bank to Acquire Harrington Bank Branches in Kansas City Market.
- Article from:
- Investment Weekly News
- Article date:
- August 22, 2009
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Arvest Bank announced it has entered into an agreement with Harrington West Financial Group, Inc. (NASDAQ:HWFG), the holding company for Los Padres Bank, FSB (LPB), to purchase its Kansas City banking operations, operating as Harrington Bank.
"We are excited to enter the Kansas City market with this acquisition and look forward to growing and expanding there for years to come," said Kevin Sabin, Arvest President and Chief Operating Officer. "We are pleased to be entering this market and believe Harrington Bank is an excellent opportunity."
The purchase is subject to receiving regulatory approvals, which are expected within 90 days. Under the agreement, ...