Overbrook Bankshares Inc. in Kansas is expanding in the southern part of the state by acquiring Conway Springs-based Norcon Financial Corp..The deal is expected to close in the first half of next year. Overbrook Bankshares is the holding company of $100 million, Overbrook-based First Security Bank. Norcon Financial Corporation is the parent company of $125 million Conway Bank. The combined bank is expected to have $225 million in assets and operate eight branches across the Kansas City, Topeka and Wichita metropolitan areas.Overbrook is headquartered in east-central Kansas, while Conway Springs is 170 miles southwest near the Oklahoma border. Overbrook Bankshares Chair Kent Needham said the merger deepens the company’s commitment to community banking in Kansas and builds on Conway Bank’s strong local relationships. Conway Bank President and CEO Joe Rottinghaus said the partnership positions both organizations for the future by combining resources while maintaining local decision-making and relationship-based service.Austin-based Fenimore Kay Harrison served as legal counsel to Overbrook Bankshares. Norcon Financial was advised by Washington, D.C.-based Olsen Palmer, with legal counsel provided by Kansas City, Mo.-based Stinson LLP.
