Branson Bank closes on purchase of Hawthorn Bank branch; $29 million psych hospital in Cape moves forward; Ameren unveils $6 billion network upgrade plan

BRANSON — Branson Bank on Thursday completed its purchase of Hawthorn Bank’s branch located in Branson,

Hawthorn Bank is a subsidiary of Jefferson City-based Hawthorn Bancshares Inc. (NASDAQ: HWBK). Total deposits transferred to Branson Bank were about $10.6 million. Loans assigned to the branch were retained.

The
deal is expected to result in a pre-tax gain of about $2.1 million for Hawthorn.

“We were pleased with how smoothly this transaction was completed and are confident that Branson Bank will continue to provide the same level . . .

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