The Edmond Sun

Business

March 28, 2014

RCB Bank makes purchases of SpiritBank locations

EDMOND — RCB Bank is expanding its territory in Oklahoma with the acquisition of seven new branches from SpiritBank including its Edmond location at 3823 S. Boulevard.

The bank has entered into an agreement with SpiritBank to acquire branches located in Cushing, Drumright, Edmond, Oilton, Oklahoma City, Stillwater and Stroud. The sale, pending regulatory approval, is expected to be finalized sometime in early May.

“After the acquisition, our current plan is operate all seven locations just as they are now as RCB Bank,” said Tom Bayless, senior executive vice president, chief operations officer, RCB Bank. “Our goal is make this transition as smooth and convenient as possible for our newest customers and for our newest communities. We plan to keep all current employees working at the seven SpiritBank branches. We value them. They know their customers and we want our new customers to see the same faces when they go to bank.”

In a joint letter to SpiritBank customers informing them of the acquisition, SpiritBank President and CEO Albert C. “Kell” Kelly Jr. wrote: “We sincerely believe that RCB Bank is the best ‘fit’ to serve our customers, employees and communities in those markets with RCB Bank’s proven, strong commitment to customer service.”

Bayless said RCB Bank is working in connection with SpiritBank to make the transition as smooth as possible for customers. He said until the May transition, there are no changes to accounts and customers will bank as usual.

RCB Bank will send new customers before the rollout date in May: new debit cards, new checks, and new online banking credentials.

Roger Mosier, president and CEO of RCB Bank, said the bank is excited to be able to serve its newest customers and new communities.

“RCB Bank is a hometown community bank and takes those words very seriously,” Mosier said. “RCB Bank’s goal is to provide our communities with progressive banking services that make their financial lives easier while keeping true to our small town values of friendly customer service, community pride and trustworthy banking principles.”

RCB Bank currently has a banking network of 33 locations across Oklahoma and extending into Kansas. With the acquisition of $250 million in deposits, the bank will have 40 locations and $2.36 billion in assets making it the sixth largest Oklahoma-owned bank.

“This acquisition is not simply about having more branches,” Mosier said. “We see this as a great opportunity to bring our style of full-service community and rewards banking to these new Oklahoma cities and ensuring they are thriving participants in their communities — that’s just the way we do business.”

Mosier said RCB Bank offers several free, rewards checking accounts to customers and offers mobile deposit options and apps that let customers deposit checks.

In addition to retail offerings for its customers, RCB Bank also offers services for small business customers, including cash management services and remote deposit capture, which allows businesses to deposit checks from their desktop using a small scanner.

“The purchase of these locations fits with our commitment to expand our footprint within the state,” Mosier said. “Our current customers will appreciate the convenience of the new locations, and it will introduce RCB Bank and our many financial services to potential customers.”

Recently, RCB Bank opened a loan office in Norman and plans to turn it into a deposit branch in the near future. “We’re committed to our communities, to our customers and to our employees,” Mosier said.

“We’re committed to expanding our footprint within the OKC metro area,” Mosier said. “The two new locations, in Oklahoma City and in Edmond, fit well with our mission to provide our customers with convenient banking locations in the area.”

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