<figure>
 <img src="https://media.eaglewebservices.com/public/2020/3/1583334411980.jpeg" alt="Community Bank of the Midwest" />
 <figcaption>Community Bank of the Midwest</figcaption>
 </figure>MCPHERSON — 
PBT Bancshares Inc., the parent company for Peoples Bank and Trust, 
McPherson, announced Tuesday it has entered into a definitive
 agreement to acquire Community Bank of the Midwest, Great Bend, with locations in Ellinwood, Otis and Ness City. The agreement 
provides for a merger of Community Bank of the Midwest into Peoples Bank
 &amp; Trust. Peoples Bank and Trust has three locations in McPherson, 
with additional locations in Hutchinson, Nickerson, Pleasantview, Lyons,
 Little River, Lindsborg, Inman and Yoder. The combined bank is 
expected to have total consolidated assets of approximately $800 
million, of which $650 million are in deposits and $475 million are in 
loans.Tom Pruitt, President and Chief Executive Officer of 
Peoples Bank and Trust, commented, “We are very excited about the growth
 opportunity the proposed merger with Community Bank of the Midwest 
presents. Our banks share comparable core values and culture and our 
partnership will reinforce our focus of making a positive impact in each
 community we serve. We will also bring additional financial services to
 customers of Community Bank of the Midwest, by offering Trust Services,
 Investment Services, Farm Management Services, and expanded Residential
 Real Estate Lending Services”.“I believe the merger with Peoples
 Bank and Trust is an excellent fit for our customers, employees and 
communities we serve,” said Steve Sell, President of Community Bank of 
the Midwest. “The combination of our two banks will better align our 
resources, enhance our financial strength, and expand our product 
offerings and technology solutions, all while allowing our same 
employees to remain actively involved in our communities. Our joint goal
 of making the greatest impact on the communities we serve is a primary 
reason for joining with Peoples Bank and Trust. We chose a partner who 
values loyal customer relationships and is a near-perfect match on how 
we do the business of hometown banking.”The parties currently 
expect to finalize the transaction early in the second quarter of 2020, 
subject to regulatory approval. Once finalized, Peoples Bank and Trust 
will operate in 13 Kansas communities with 18 locations.

People's Bank and Trust to acquire Community Bank of the Midwest