Bank Star One, a subsidiary of St. Louis based BancStar Inc., possesses four retail locations located in Fulton, New Bloomfield, Osage Beach and Lake Ozark, with over 85 million in assets.
"For 29 years, Bank Star One has prided itself on bringing excellent banking service to our customers in Callaway County and the communities of Lake of the Ozarks," said Joseph C. Stewart, Jr., Chief Executive Officer of Bank Star One. "We've met many great customers along the way and it has truly been a wonderful experience.
"The time was right, we felt, to pass the baton to another great organization in Central Bancompany. We know they will extend their abundant array of banking services to our customers in mid-Missouri in their usual highly professional manner. Our customers will be pleased, I'm sure, and we wish Central Bancompany the very best."
Central Bancompany Chairman Bob Robuck reflected on the acquisition. "We are excited to welcome the employees and customers of Bank Star One to the Central Bancompany family. We are already working diligently to make this transition as smooth as possible and can't wait to show our new customers that our customer service will make their banking experience second to none."
Bank Star One's locations will continue to operate under their current name until Central Bancompany performs a complete technical evaluation and integration of the Bank Star One systems. This integration is expected to be complete in mid-2017, at which point all Bank Star One facilities will be combined with existing Central Bancompany affiliate banks.
Central Bancompany is a $12 billion, Missouri-based bank holding company with 13 full-service community banks and more than 250 locations in 66 communities serving consumers and businesses in Missouri, Kansas, Illinois and Oklahoma. The Central Bancompany family of banks are Central Bank, Central Bank of Boone County, Central Bank of Lake of the Ozarks, Central Bank of Moberly, Central Bank of the Ozarks, Central Bank of Warrensburg, Central Bank of Audrain County, Central Bank of St. Louis, Jefferson Bank of Missouri, Central Bank of the Midwest, Central Bank of Oklahoma, Central Bank of Branson, and Central Bank of Sedalia. Affiliate companies include Central Trust Company, Central Technology Services, Central Investment Advisors, Central Mortgage Services and Central Travel.