F&M Bank, one of the largest family-owned community banks in central Oklahoma, has announced plans to expand its footprint through the acquisition of Community National Bank of Okarche (CNBO).
The two banks have entered into a definitive merger agreement, marking a significant step in F&M’s growth across the state.
“We are elated to partner with Community National Bank of Okarche,” said John Tom Anderson, CEO of F&M Bank. “We have immense respect for the relationship banking approach Community National Bank of Okarche represents in the markets they operate in. Their well-earned reputation for being stewards of their clients and communities aligns perfectly with ours.”
Barry Anderson, President of F&M Bank, said the acquisition allows the bank to enter Fairview and Okarche, describing the move as “a natural extension of our current branch footprint.”
Chris Walta, President and CEO of CNBO, echoed those sentiments, calling the merger “a win-win for all of our constituents, including customers, communities, employees, and shareholders.”
“Cultural similarities between our two organizations are striking, and combined, we’ll have a greater ability to reinvest back into technology, products, people, and Oklahoma,” Walta said.
Leadership from CNBO — including Chris Walta, David Craig, Doug Wittrock, and Glenda Hill — is expected to remain with the combined company following the merger.
Terms of the acquisition were not disclosed. The transaction is expected to close in the late fourth quarter of 2025, pending customary regulatory approvals and fulfillment of all closing conditions.
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