Liberty to Purchase 2nd Bank in Edmond

By Titus, Nancy Raiden | THE JOURNAL RECORD, May 2, 1993 | Go to article overview

Liberty to Purchase 2nd Bank in Edmond


Titus, Nancy Raiden, THE JOURNAL RECORD


Liberty Bancorp Inc. plans to purchase First National Bank of Edmond, an $88.9 million bank, shareholders were told Wednesday.

The purchase, which is subject to regulatory approval, is Liberty's second Edmond buy. The Oklahoma City-based holding company is on track to complete its previously announced purchase of the First Oklahoma Bank Trust Co. of Edmond on July 1.

Price was not disclosed for either transaction.

The First National purchase was announced during Liberty's annual shareholders meeting. Completion of both purchases would give Liberty four Edmond locations, more than any metro bank.

"We're very pleased to acquire this high quality, historic banking institution," said Charles E. Nelson, Liberty chairman and chief executive officer.

"We continue to be impressed with the fast-growing Edmond area, and this acquisition reflects our intention to be a major factor in the community."

Both banks are expected eventually to be merged into Liberty Bank and Trust Co. of Oklahoma City NA.

Clarence R. Wright Jr., chairman and principal stockholder of First National, said the sale to Liberty would allow the bank's customers to take advantage of expanded products and services more quickly.

"It would be five years' time before we could offer the services and products and trust department that Liberty could do immediately" with the purchase.

Competition in Edmond from the state's largest banks _ Liberty, Bank of Oklahoma NA and Boatmen's First National Bank of Oklahoma _ has made extra services even more important.

Chief among those services is a branch network. Wright said adding two branches would cost the bank about $7 million and would take five years.

"It was time to sell. Liberty and several others were interested. Liberty met our terms. Also, John Kirkpatrick I have known since I got back from the service. I have always been appreciative of him for all he's done and for putting in the money in Liberty when banks were running out of state.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Liberty to Purchase 2nd Bank in Edmond
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.