Central Bancompany (OTCPK:CBCY.B) agreed to acquire Bank Star One on February 8, 2017. The consideration will be paid in cash. Star One would initially be a standalone depository institution subsidiary of Central following consummation of the proposal. The transaction is approved by the Federal Reserve Board. On December 31, 2016, Bank Star One reported total assets of $87.6 million. Barack Ferrazzano Kirschbaum & Nagelberg llp acted as the legal advisor for Central Bancompany, Inc. Central Bancompany (OTCPK:CBCY.B) completed the acquisition of Bank Star One from Bancstar, Inc. on March 3, 2017.