Memo RM2000-5
To: All Kansas State-Chartered Banks
From: Franklin W. Nelson, Bank Commissioner
Date: August 7, 2000
RE: Special Order 2000-3
K.S.A. 9-1715 authorizes the Commissioner to issue a Special Order upon the request of a specific bank. Attached please find a copy of Special Order 2000-3, which authorizes The Peoples Bank, Pratt, Kansas, to acquire a minority interest in stock of a Kansas corporation that engages in postal substation activities. As you can see, the Special Order is a very narrow, specific-purpose Order. In considering this proposal, I have determined it would be beneficial for our office to conduct a general review of the powers of state-chartered banks and how they compare with their national bank counterparts. I would urge you to contact me, or our General Counsel, Sonya Allen, with any thoughts or ideas of items we could address either legislatively next session, or through other Special Orders, that would benefit consumers or the state-chartered banks of Kansas. We look forward to hearing from you.
