SIERRA VISTA - National Bank of Arizona is just a little more than a week away from completing its merger with Stockmen's Bank.
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Part of the reason for this, he said, is that Stockmen's customers don't have to change their account numbers, and they can use Stockmen's checks until they need new ones.
Customers should have already received letters notifying them of the change. They will be issued new credit and debit cards prior to Feb. 20, when Stockmen's computer system will be transitioned to National Bank's system, Holyoak said.
Another change will be new automatic teller machines being installed in the former Stockmen's location, including Sierra Vista.
The merger between Stockmen's Bancorp Inc., which was based in Kingman, and National Bank became official on Jan. 17. In the agreement, 2,571,559 shares of Zions common stock were issued for all of the equity interests of Stockmen's. National Bank is a subsidiary of Zions.
Holyoak said National Bank of Arizona has strived to be a hometown bank, and in the merger with Stockmen's, the bank feels it has made a move to take it in that direction.
"They've done a very, very good job at that," he said of Stockmen's focus on hometown banking.
Stockmen's area locations that are involved in the transition include a branch in Sierra Vista and one in Sonoita. National Bank already had a branch in Sierra Vista on Fry Boulevard, as well as branches in Bisbee and Benson.
In all, 22 Stockmen's branches in Arizona and more than 300 employees are making the transition.
Stockmen's also has locations in central California.
"The southeast region is a key market for us and this merger strengthens the bank's presence here," said Ron Curtis, senior vice president of National Bank of Arizona. "We remain committed to strong community relationships and operating a locally managed bank that responds quickly to customers needs."
With the merger, National Bank of Arizona will have about $6 billion in assests. It also will position the bank as the state's fourth largest.
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