KANSAS CITY, NORTH, MO – Clayco State Bank, which is owned by parent company Clayco Bancshares Inc., is being sold to an investment group that includes the bank’s president and the president and CEO of Bannister Bank and Trust. Among those purchasing the bank are Jeff Jernigan, currently president and CEO of Bannister Bank, Jeff Kieffer, the Clayco bank president, who will serve as a consultant until regulators approve the sale, and Mike Balsbaugh, who is and will continue to be the executive vice president and chief lending officer at Bannister Bank. Sellers of Clayco State Bank are Bill Duensing and Harry ”Bud” Edwards. Terms of the sale were not released. The bank was founded in 1973. At the end of the third quarter this year, the bank had assets of $39 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.