West Gate Bank to Acquire Omaha Branches From Great Southern Bank
West Gate Bank® (westgate.bank) has announced the signing of an agreement to acquire three Omaha area branches from Great Southern Bank, a wholly-owned subsidiary of Great Southern Bancorp, Inc. (NASDAQ: GSBC). The transition is expected to take place in July 2018, pending regulatory approval.
“West Gate Bank is celebrating its 50 year anniversary, and we are excited to bring our brand of Nebraska community banking to Omaha,” said Carl Sjulin, president of West Gate Bank. “As the Omaha and Lincoln economies grow closer, it is a natural extension of West Gate Bank’s franchise to expand into Omaha. For the past several years, we have been actively lending in Omaha, and with the addition of these branches, we will be able to expand our commercial and mortgage teams and add business cash management services.”
Great Southern Bank customers at the Omaha-area branches should continue to bank as they always have. Important information about the acquisition will be mailed to customers in the coming weeks. Great Southern Bank will maintain a commercial lending office in the Omaha market.
Omaha-area Great Southern Bank branches to be acquired are: 9775 Q Street, Omaha, NE 68127; 1004 Cornhusker Road, Bellevue, NE 68123; 1020 S 179th Court, Omaha, NE 68118. The purchase will increase the number of West Gate Bank branches to 10. “We look forward to serving the Omaha community in our next 50 years,” Sjulin stated.