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Parent company of SF bank merging, creating “super-community bank”

SANTA FE, N.M. — The parent company of First National Bank of Santa Fe is merging with Kansas-based Sunflower Financial, creating a “super-community bank” with 60 offices in five states.

The move also affects First National Rio Grande of Albuquerque, which is a division of the Santa Fe bank.

First National Bank has been a mainstay on the Santa Fe Plaza. (Journal File)

First National Bank has been a mainstay on the Santa Fe Plaza. (Journal File)

The merger of  Texas-based Strategic Growth Bancorp. Inc., with Sunflower Financial will leave a footprint of more than 60 offices in Colorado, Kansas, Missouri, New Mexico, and Texas, according to a statement released today.

The transaction will involve a merger of the holding companies and a merger of their respective banking entities, Sunflower Bank NA, First National Bank of Santa Fe, and Capital Bank, SSB, as well as Guardian Mortgage Company, Inc.

The combined company will have about $4 billion in banking assets, with about $3 billion in both net loans and deposits. The corporate headquarters will be in Denver, with “with substantial office functions remaining in Salina, Kan., and New Mexico and Texas locations, the release said.

Strategic Growth Bancorp., based in El Paso, is a bank holding company with $2.2 billion in total assets, $1.7 billion in deposits and $283 million of equity capital. Besides the Santa Fe bank, it also owns Capital Bank, SSB and Guardian Mortgage Company, Inc.

— This is a developing story. Additional information will be added as it becomes available.