Community National Bank & Trust (CNB&T) has announced a merger with Prairie Bank of Kansas and Farmer National Bancshares, Inc.
The merger will bring together Prairie Bank of Kansas with CNB&T and its parent company, Community Bancorp, Inc.
The merger agreement, signed by James Richardson, CEO of Prairie Bank of Kansas, and Dan Mildfelt, president, CEO, and chairman of Community National Bank & Trust, Chanute, outlines that Community Bancorp, Inc. will acquire all the stock of Farmer National Bancshares, Inc., which will, in turn, facilitate the merger of Prairie Bank of Kansas into Community National Bank & Trust.
The deal is expected to close in the third quarter of 2025, pending regulatory approval.
FOUNDED IN 1886, Prairie Bank of Kansas is based in Stafford, Kan., with additional branches in Buhler, Inman, and Hutchinson. It became a national bank in 1909 and transitioned to a state-chartered bank in 2013. Prairie Bank acquired Buhler State Bank in 1993, United Bank of Inman in 1997, and opened its Hutchinson branch in 2009. By the end of the second quarter of 2025, Prairie Bank of Kansas expects to report total assets exceeding $135 million and loans surpassing $83 million.
Community National Bank & Trust, a $2.2 billion asset institution, has 42 banking locations in Kansas, Missouri, and Oklahoma.
