Dive Brief:

• First National Bank of Omaha has agreed to acquire Denver-based InBankshares Corp. in a cash deal valued at up to $204 million, the companies said Wednesday.
• The acquisition of $1.4 billion-asset InBank would boost FNBO’s presence in Colorado, adding nine branches in the state and expanding its footprint to Denver, Colorado Springs and southern Colorado, FNBO said in a news release. InBank also has four branches in northern New Mexico. 
• The companies expect the deal to receive regulatory approval by the end of the year.

Dive Insight:

FNBO has been on an acquisition tear: The InBank deal announcement comes just three months after FNBO said it would buy Independence, Missouri-based Blue Ridge Bancshares, expanding its presence in the Kansas City area by eight branches. 

And that occurred nine months after FNBO closed its acquisition of Country Club Bank, giving the Nebraska lender 20 Kansas City-area branches. Privately held FNBO is a subsidiary of Omaha-based First National of Nebraska, which has about $35 billion in assets. FNBO has about 140 locations across Colorado, Illinois, Iowa, Kansas, Missouri, Nebraska, South Dakota, Texas and Wyoming, according to the Federal Deposit Insurance Corp.

FNBO’s Colorado presence already includes 21 branches across the northern part of the state, in Fort Collins, Boulder, Greeley and Loveland. The InBank acquisition will bring the bank’s statewide branch count to 30.  

“InBank is strategically and culturally aligned with FNBO and represents an important step in our thoughtful expansion,” Clark Lauritzen, president and chairman of FNBO, said in the release. “Its experienced team, trusted customer relationships and entrepreneurial culture provide a meaningful foundation as we welcome new customers and communities to FNBO.” 

Under the terms of the deal, InBank shareholders can receive a special dividend just before closing, and will receive cash for their InBank shares from First National of Nebraska at closing.

The dividend amount and the amount paid for InBank shares will be affected “by several factors,” including InBank’s tangible equity at closing, the release said. 

InBank estimates total shareholder consideration for the transaction will range from $200 million to $204 million, with the per-share value ranging from $16.41 per share to $16.74 per share.

An investor group acquired International Bank, a 100-year-old community bank in New Mexico, in  2018 and rebranded it to InBank the following year, according to an investor presentation. The bank had about $1.1 billion in deposits and $942.7 million in loans held for investment, as of June 30, according to a second-quarter earnings release. InBank sold three branches in 2025 to “optimize” its footprint, the investor presentation said.   

“InBank was built with a commitment to delivering highly personalized service, and FNBO shares our belief in authentic relationships, local decision-making and doing what is right for customers and communities,” Ed Francis, InBank’s founder and CEO, said in the release. “We believe this next chapter will create new opportunities for our customers and associates while carrying forward the values that have shaped InBank.” 

InBank branches will be rebranded as FNBO branches in the second half of 2027, alongside customer conversion, the banks said.