BUSINESS MEMO: BANKS AGREE TO MERGE

The Roosevelt Financial Group Inc. of Chesterfield, holding company for Roosevelt Bank, and the Sentinel Financial Corp., holding company for Sentinel Federal Savings and Loan Association, Kansas City, have agreed to merge Sentinel with Roosevelt Bank.

Sentinel stockholders will receive 1.4231 shares of Roosevelt common stock for each share of Sentinel Financial Corp. common stock. Sentinel stock was $22.47 per share as of Dec. 31.

The transaction is subject to the approval of Sentinel stockholders and federal banking regulators.

Sentinel Financial Corp. had total assets of $151.6 million, with two full-service offices one in downtown Kansas City, and the other in North Kansas City.

Roosevelt Bank has assets of more than $9 billion, with 79 banking facilities in Kansas, Illinois and Missouri, including Cape Girardeau.