Walker cited several benefits for customers.
"We will be able to enhance the banking services we offer and provide customers the convenience of banking throughout a large area of central and southwest Oklahoma," he said. "Lawton area customers will have access to the service of Washita Mortgage, which will be our primary source for mortgage lending – with the advantages of local loan decisions and servicing."
Pettigrew said board members strongly feel that the future is bright for the combined banks.
"This is very much a win-win situation for our employees and customers. It positions us for continued growth and strong, locally-based financial offerings in the communities we serve and the greater southwest Oklahoma region," he said.
Chickasha Bank & Trust Co. has locations in Tuttle, Blanchard, Cement and Apache in addition to its main banking facility on South 4th Street.
Liberty National Bank was founded as the Bank of Elgin in 1902. Green Jr. acquired the bank in 1997 and changed the name to Liberty National Bank in 2002. It has two banking facilities in Lawton and locations in Elgin and Medicine Park.
The banks' combined nine locations will serve southwest Oklahoma from the southern portion of Oklahoma City to the Texas border along the I-44 corridor.