Bank of Cushing, based in Cushing, Okla. has been acquired by N.B.C. Bancshares in Pawhuska, Inc., parent company of Blue Sky Bank, based in Pawhuska, Okla. Bank of Cushing will continue to operate as a wholly owned subsidiary of N.B.C. Bancshares. Pro forma N.B.C. Bancshares will have $311 million in assets, $214 million in loans and $267 million in deposits. Its professionals will operate from six branch locations in Oklahoma.
D.A. Davidson acted as exclusive financial advisor to Bank of Cushing in this transaction.