Deal will expand the company's deposit and banking service offerings
Gateway First Bank has announced plans to acquire a branch of Oklahoma-based Regent Bank as part of its expansion efforts.
The national mortgage lender has agreed to purchase the banking center in Bartlesville, Okla. Gateway said the acquisition, expected to close in August, will enable the company to expand its deposit and banking services in the area.
"It's exciting to be a part of the growth in Bartlesville," said Chris Revard, Bartlesville market president for Gateway First Bank. "Gateway is a strong community bank, one of the largest banks in Oklahoma, and one of the largest mortgage companies in the country. To have the depth and breadth of this company behind me to positively affect the local community is an honor."
"We appreciate Regent's partnership in this transition," Gateway CEO Scott Gesell said. "It made sense for Gateway to expand services to Bartlesville through an already established presence. Charlie Pilkington, Regent Bank's market leader, will partner with Chris to offer a full array of services to the market. Charlie and his team are very well respected in Bartlesville, and we look forward to them joining the Gateway team."
Read more: Gateway First reveals new banking center
"We are very proud of our Bartlesville team, and we love the people of Bartlesville. This transition just made strategic sense for both organizations," said Sean Kouplen, chairman and CEO of Regent Bank. "I have close relationships with Gateway's leadership, and I feel very good about the cultural fit for our employees and clients."
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