Bank IV Completes Equity Purchase
Titus, Nancy Raiden, THE JOURNAL RECORD
Bank IV Oklahoma NA charged into Oklahoma City Thursday with the completion of a $92 million cash purchase of Equity Bank for Savings FA.
The Tulsa-based bank added 10 metro locations, including seven in Oklahoma City itself. It also has authority to open an additional branch in Norman. Bank IV has had a location in Nichols Hills since its May 1993 merger with Nichols Hills Bank and Trust Co.
Equity was purchased by Bank IV's parent company, Fourth Financial Corp. of Wichita, from LSB Industries Inc., an Oklahoma City chemical manufacturer. The deal was announced in December.
The sale resulted in a $25 million gain to LSB. Prior to the closing, …
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Publication information: Article title: Bank IV Completes Equity Purchase. Contributors: Titus, Nancy Raiden - Author. Newspaper title: THE JOURNAL RECORD. Publication date: May 27, 1994. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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