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Thursday, April 17, 2014

Oklahoma bank to open branch in Wichita Walmart

By Jerry Siebenmark
The Wichita Eagle

Another Oklahoma bank is expanding into the Wichita market.

City National Bank & Trust Co. of Lawton plans to open its first Wichita branch inside the Walmart Supercenter at 11411 E. Kellogg, at the One Kellogg Place development at Greenwich and Kellogg.

City National president George Porter said Thursday he hopes to open the branch this summer.

“It’s a good continuation of what we do in Oklahoma,” Porter said. “We’re very accustomed to offering retail services through those (in-store) branches and thought we might be just as successful in Wichita.”

Porter said City National’s East Kellogg Walmart branch will offer many of the services provided by traditional, full-service branches, including loans.

City National has $290 million in assets and operates 36 branches in 20 cities in Oklahoma. Thirty-one of the branches are in-store branches – all but two are in Walmart stores – with the remaining five traditional brick-and-mortar branches in Lawton, Tulsa and Edmond, which is just north of Oklahoma City.

City National will be opening in a Walmart that previously had been served by Fidelity Bank.

Fidelity announced in January that it would not renew leases on three of the seven in-store branches it operates in area Walmarts, including the East Kellogg Walmart.

Porter said the bank intends to apply to open branches in the two other Walmarts Fidelity will eventually vacate, one at 2020 Southeast Boulevard in Derby and another at 3030 N. Rock Road.

“We’ve been very successful with it (operating branches in Walmarts),” he said.

Wichita will be in City National’s north-central region, which is headquartered in Ponca City. Erin Liberton is the bank’s north-central region manager.

“She has seven branches now,” Porter said. “This (East Kellogg Walmart branch) would be her eighth.”

City National will be the third bank with Oklahoma ties to operate in the market. South Hutchinson-based Bank of Kansas, which operates two Wichita branches, is owned by Southwest Bancorp of Stillwater, and Tulsa-based Bank of Oklahoma Mortgage Group operates an office at 8110 E. 32nd St. North.

Reach Jerry Siebenmark at 316-268-6576 or jsiebenmark@wichitaeagle.com.

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