Branch Application Summary
By: Dana S. Hampton, Director of Corporate Activities
We are happy to report the opening of two new state-chartered banks. Space restrictions in the winter edition of this newsletter did not allow us to give details of RelianzBank, which opened for business December 12, 2005, at 2327 North Ridge Road, Wichita. The bank opened with total capital of $3,900,000 and is owned by Relianz Bancshares, Inc. David Harris is bank president.
On June 19, 2006, Freedom Bank opened for business at 6640 West 143rd Street, Overland Park, with total capital of $8,325,000. The bank is owned by Freedom Bancshares, Inc. and Kurt Knutson is bank president.
On December 31, 2005, 261 state-chartered banks were operating in Kansas. Since that time, four banks have merged out of existence and one new bank has opened, bringing the total number of state-chartered banks to 258. Since year end 2005, no changes in trust companies have occurred; ten state-chartered trust companies are operating in Kansas. An overview of application activity for the first half of 2006 is provided below.
Farmers State Bank, Hazelton, merged into Meno Guaranty Bank, Meno, Oklahoma, on January 1, 2006. On March 3, the former Farmers State Bank, Corning, was involved in a transaction that took place in several steps. As the end result, the Corning office became a branch of First National Bank, Centralia.
On April 1, 2006, Gold Bank, Lenexa, merged into M&I Marshall & Ilsely Bank, Milwaukee, Wisconsin; and Commercial State Bank, Bonner Springs, merged into Union Bank and Trust Company, Lincoln, Nebraska.
While these mergers resulted in a substantial decline in total assets of Kansas state-chartered banks, a number of banks expanded operations by opening the following branches:
Heartland Bank, Leawood, at 5000 West 95th Street, Suite 120 (inside the Grapeview Building), Overland Park, on January 17, 2006;
Bank of Parsons, Parsons, at 3201 North 16th Street (inside Wal-Mart), Parsons, on March 22, 2006;
First State Bank, Norton, at 801 Main, Hoxie, on April 1, through the merger with First National Bank, Hoxie;
Patriots Bank, Garnett, at 1008 Poplar, Wellsville, on April 1, through the purchase and assumption of the Gardner National Bank branch;
United Bank of Kansas, Whiting, at 734 Commercial, Atchison, on April 22, through the purchase and assumption of the Bank Midwest, N.A. branch;
The Mission Bank, Mission, at 13501 Aberdeen Parkway, Leawood, on May 9, 2006;
First Community Bank, Emporia, at 715 Merchant, Emporia, on May 20, 2006, through the purchase and assumption of the State Bank of Kansas branch; and
The Columbian Bank and Trust Company, Topeka, at 529 SW 2nd Street, Suite A., Lee's Summit, Missouri, on May 22, 2006.
In addition, on May 1, 2006, the main office of KansasLand Bank (formerly known as Americus State Bank) was moved to 314 Main Street, Quinter; the Americus office will operate as a branch.
As always, if you have questions concerning specific banks, applications, or procedures, feel free to review the application summary logs maintained on our Web page or call the main office.
