Topeka, Kansas-based Heritage Bancshares, Inc., the holding company of Heritage Bank (together, “Heritage”), and Topeka, Kansas-based Fidelity Kansas Bankshares, Inc., the holding company of Fidelity State Bank and Trust Company, announced today that Heritage has acquired Fidelity State Bank and Trust Company. Fidelity State Bank and Trust Company will be merged with and into Heritage Bank with Heritage Bank as the surviving entity.
Olsen Palmer LLC served as financial advisor to Heritage Bancshares, Inc. in connection with this transaction.
With the consummation of the transaction, Heritage will have greater than $300 million in total assets and top-10 deposit market share in the Topeka, KS MSA.
Olsen Palmer remains a top 3 overall bank M&A advisor nationwide based on the number of transactions advised upon since 2020 according to S&P Global.