First Kansas Bank completes acquisition of Hays bank
Special to The Hays Daily News
First Kansas Bank announced it has completed the acquisition of three banking locations in central Kansas from Bank of America Corp. The acquisition will add two new locations in Great Bend and a location in Hays, and will result in more convenient banking options for customers.
First Kansas Bank has provided information to customers regarding the transition of their accounts and these locations during the past few months. Customers with questions can contact any First Kansas Bank location or visit www.firstkansasbank.com.
“We are excited to add these customers to our bank,” said Paul Snapp, First Kansas Bank president. “We are also pleased to retain the staff at these locations who know the customer base well. This acquisition adds to our strength as a bank and our commitment to central Kansas. We are confident our community oriented principles and personal service will serve these new customers well.”
First Kansas Bank was founded in 1900 and with this acquisition has grown to $170 million in total assets with a capital account of more than $13 million and six bank locations in Hoisington, Claflin, Great Bend and Hays. First Kansas Bank offers loan and deposit services to consumers, commercial businesses and agricultural producers. For many years, Bauer Financial Services, the bank rating agency, has given First Kansas Bank its highest 5-Star rating for financial safety and soundness.
First Kansas Bank is part of a group of banks owned by the Sutherland Family. They own banks in Hoisington, Salina, Emporia and Parsons, with branches in Great Bend, Hays, Claflin, Hutchinson, Ellsworth, Lindsborg, McPherson, Abilene, Chanute, Erie, Independence, Caney, Coffeyville and Oswego. As a group, they have acquired 10 Bank of America branches, which will increase their total assets to approximately $1 billion.
First Kansas Bank is a member of the Federal Deposit Insurance Corp. and is an Equal Housing/Equal Opportunity Lender.