After a two-year break from mergers and acquisitions, National Bank Holdings Corp. is back in action, reaching an agreement to acquire Peoples Inc. for $143 million in cash and stock.
Lawrence-based Peoples Inc. is the holding company for Peoples Bank in Kansas and People’s National Bank. Peoples Bank had $490.1 million in assets as of March 31. Peoples Bank has two branches in Overland Park and one in Kansas City.
The merger with the overall bank holding company will add about $865 million in…
After a two-year break from mergers and acquisitions, National Bank Holdings Corp. is back in action, reaching an agreement to acquire Peoples Inc. for $143 million in cash and stock.
Lawrence-based Peoples Inc. is the holding company for Peoples Bank in Kansas and People’s National Bank. Peoples Bank had $490.1 million in assets as of March 31. Peoples Bank has two branches in Overland Park and one in Kansas City.
The merger with the overall bank holding company will add about $865 million in…