Officials with TS Banking Group, in Treynor, Tuesday, announced an agreement has been reached to acquire a bank in Corning. TS entered into the purchase agreement with Blue Grass Bancorporation, Inc., in Corning, to acquire the Okey-Vernon 1st National Bank, with banking assets of $85-million.

TS Banking Group is a joint venture between Treynor Bancshares, Inc., the bank holding company of Treynor State Bank, with banking assets of $290-million, and TS Contrarian Bancshares, Inc., the bank holding company of The Bank of Tioga (North Dakota), with banking assets of $300-million. The TS Banking Group is headquartered in Treynor.

Okey-Vernon 1st National Bank’s name will be changed to TS Bank, and become part of the TS Bank branch network.