Alva Review-Courier -

Stitt Family Trusts execute agreement to acquire Farmers Exchange Bank, Cherokee


August 12, 2018

JENKS, Okla. – (BUSINESS WIRE) The Stitt Family Trusts, which collectively own 100 percent of Gateway Mortgage Group, a full-service mortgage company licensed in 41 states and the District of Columbia, announced the signing of a definitive stock purchase agreement to acquire more than 85 percent of the stock of Cherokee-based Farmers Exchange Bank. Following the acquisition, the Stitt Family Trusts plan to merge Gateway Mortgage Group into Farmers Exchange, which will support the long-term growth of both institutions, as well as diversify the financial services offered to both mortgage an...

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