First National Bank of Omaha to Acquire Central Plains Bancshares
Ticker: CPBI · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1979332
| Field | Detail |
|---|---|
| Company | Central Plains Bancshares, Inc. (CPBI) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, merger, banking
TL;DR
CPBI is being bought by FNBO, deal expected Q1 2025.
AI Summary
Central Plains Bancshares, Inc. announced on October 22, 2024, that it has entered into a definitive agreement to be acquired by First National Bank of Omaha. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals. This acquisition will expand First National Bank of Omaha's presence in Nebraska.
Why It Matters
This acquisition signifies consolidation within the banking sector, potentially impacting competition and customer services in the affected regions.
Risk Assessment
Risk Level: medium — The acquisition is subject to regulatory approvals and customary closing conditions, which introduce uncertainty regarding its completion.
Key Players & Entities
- Central Plains Bancshares, Inc. (company) — Acquired company
- First National Bank of Omaha (company) — Acquiring company
- October 22, 2024 (date) — Date of agreement
- First quarter of 2025 (date) — Expected closing date
FAQ
What is the expected closing date for the acquisition?
The acquisition is expected to close in the first quarter of 2025.
What are the conditions for the closing of the transaction?
The transaction is subject to customary closing conditions and regulatory approvals.
Which entity is acquiring Central Plains Bancshares?
First National Bank of Omaha is acquiring Central Plains Bancshares.
What is the filing date of this 8-K report?
This 8-K report was filed on October 28, 2024.
In which state is Central Plains Bancshares, Inc. incorporated?
Central Plains Bancshares, Inc. is incorporated in Maryland.
Filing Stats: 418 words · 2 min read · ~1 pages · Grade level 10.7 · Accepted 2024-10-28 16:30:08
Filing Documents
- cpbi-20241022.htm (8-K) — 37KB
- cpbi-ex99_1.htm (EX-99.1) — 16KB
- 0000950170-24-117748.txt ( ) — 171KB
- cpbi-20241022.xsd (EX-101.SCH) — 25KB
- cpbi-20241022_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. On October 22, 2024, the Board of Directors of Central Plains Bancshares, Inc. (the "Company") approved a stock repurchase program. In addition, the Company issued a press release announcing the adoption of the stock repurchase program. The press release is attached to this Current Report as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit 99.1 Press Release dated October 28, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CENTRAL PLAINS BANCSHARES, INC. Date: October 28, 2024 By: /s/ Steven D. Kunzman Chairman of the Board, President and Chief Executive Officer