The Delaware-based bank holding company Luna Parent, Inc. is acquiring Kansas City, Mo.-based Lead Bank.
According to a press release, Luna will expand the $778 million Lead Bank’s community-focused banking services and offerings to fintechs and consumers as well as continue to heavily invest in the Kansas City metro and develop a national client base.
The price of the deal was not announced.
Josh Rowland, Lead Bank CEO and vice chair, called the buy “the culmination of my family’s decades-long investment in serving the community of Kansas City and a testament to the hard work and dedication of each banker and team member who makes Lead Bank what it is today.”
Luna President Erica Khalili said her organization is “excited and honored to join the Rowland family’s mission, Lead Bank’s innovative approach to community banking, and the greater community of Kansas City.”