On February 13, 2018, Liberty Federal Savings Bank (“Liberty FSB”), Enid, Oklahoma, and Great Plains National Bank, (“Great Plains”), Elk City, Oklahoma, jointly announced that Liberty FSB will merge with and into Great Plains, with Great Plains as the resulting institution. The combined institution will have total assets of approximately $700 million.

Liberty FSB has adopted a Plan of Voluntary Supervisory Conversion, which provides for the conversion of Liberty FSB from a federal mutual to a federal stock savings association. At the closing of the conversion transaction, Liberty FSB, as a stock association, will merge with and into Great Plains, with Great Plains as the resulting institution.

Luse Gorman served as legal counsel to Liberty FSB in the transaction.  The Luse Gorman team was led by Gary Lax and Thomas Hutton, and included Megan McKinney.