What About Those Numbers?
By: Dana S. Hampton, Director of Corporate Activities
Since year-end 2006, two banks have merged out of existence and one new bank has opened for business. There are 254 state-chartered banks operating in Kansas. No changes have been reported in Kansas state-chartered trust companies.
On January 16, 2007 Millennium Bank opened for business in Junction City. The bank opened with total capital of $4,800,000 and Maureen Gustafson is bank president. The bank operated from temporary quarters at 203 South Washington while the permanent building was under construction. A move to the new building at 121 North Washington occurred on June 22, 2007.
On January 22, 2007 First Community Bank, Kansas City merged into Security Bank of Kansas City, Kansas City. Effective March 17, 2007, First State Bank, Junction City, merged into Intrust Bank, N.A., Wichita.
On June 26, 2007 The Trust Company of Manhattan, Manhattan moved from 330 Poyntz Avenue into a new office at 800 Poyntz, Manhattan.
Also, since the first of the year, we have received notice of the opening or relocation of several branch offices. Information about these offices follows.
Signature Bank, Haddam - opened a branch office at 8880 West 151st Street, Overland Park, on January 3, 2007
United Bank & Trust, Marysville - opened a branch office at 2000 North Tuttle Creek Boulevard, Manhattan, as a result of a branch acquisition from Armed Forces Bank, N.A. on January 8, 2007
Commerce Bank, Topeka - opened a branch office inside Wal-Mart at 2600 NW Rochester Road, Topeka, on January 22, 2007
Kansas State Bank, Manhattan - opened a branch office at 716 North 119th Street West, Suite 116, Wichita, on February 1, 2007
Peoples Bank, McDonald - opened a branch office at 122 West Laurel, Garden City on February 5, 2007
Labette Bank, Altamont - moved a branch office from 119 North Broadway, LaCygne, to 501 Market, LaCygne, on February 20, 2007
First State Bank & Trust, Tonganoxie - moved a branch office from 1106 155th Basehor, to 15505 Pinehurst Drive, Basehor, on February 26, 2007
First Bank Kansas, Salina - moved a branch office from 326 NE 14th Abilene, to 1410 North Buckeye, Abilene, on February 26, 2007
Bank of Blue Valley - opened a branch office at 9500 Lackman Road, Lenexa, as a result of the acquisition of the former Western National Bank office on March 29, 2007
The First State Bank & Trust Co. of Larned - opened a branch office at 7206 College Boulevard, Overland Park, on April 23, 2007
Scandia State Bank, Scandia - opened branches in Belleville, Abilene and Chapman as a result of the merger of First National Bank, Belleville on May 7. On May 10, 2007, the name of the bank was changed to Astra Bank.
Cottonwood Valley Bank, Cedar Point - opened a branch office at 200 Broadway, Cottonwood Falls, on May 21, 2007
Morrill & Janes Bank and Trust, Merriam - opened a branch at 3215 Carnegie Drive, Suite 100, Lee's Summit Missouri, on May 25, 2007. In order to establish the branch office, the bank first acquired Exchange Bank, Mound City, Missouri. After opening the branch office, assets and liabilities of the former Exchange Bank were sold to Nodaway Valley Bank, Maryville, Missouri.
If you desire more details of any of the transactions, please feel free to contact our office.
