First National Bank of Omaha (FNBO) has agreed to acquire CCB Financial Corp, the parent company of Country Club Bank, based in Kansas City, Missouri.

The deal will combine two established financial institutions, both of which are privately owned and have a history of family leadership, to enhance financial services in the Midwest region.

Country Club Bank, founded in 1953, has expanded from a single commercial bank to a comprehensive financial institution, and employs over 400 people.

It currently holds $1.8bn in deposits and $2.2bn in assets, as well as a trust company with $2.8bn in assets under management.

The firm’s services include personal banking, commercial banking, wealth management, trust services, and capital markets.

This acquisition awaits regulatory approval that is expected to be granted by the end of 2025.

Country Club Bank chairman and CEO Paul Thompson said: “Country Club Bank has a deep history of taking care of its clients, and it was paramount that any partner we considered have a similar dedication.”

Post-merger, FNBO will manage nearly $35bn in assets and have a workforce of approximately 4,800.

Furthermore, the 20 branches of Country Club Bank located in Kansas and Missouri will be integrated into FNBO’s existing network of 100 branches across several states, including Nebraska, Kansas, Colorado, Wyoming, South Dakota, Illinois, Texas, and Iowa.

FNBO chairman and president Clark Lauritzen said: “At FNBO, we know that long-term relationships are the cornerstone of community growth, and we were inspired by Country Club Bank’s shared commitment to that ideal.

“This is an exciting opportunity to bring together the best of both FNBO and Country Club Bank, combining our strengths, expertise and commitment to customer service to create a stronger, more innovative financial partner for not only the Kansas City area, but the entire FNBO footprint.”