WICHITA — Having your own bank is convenient. Having it in the building where you office is even handier.
Just ask Wink Hartman Sr.
"We're putting a Vintage Bank branch in the Hartman office building," he says of his building at 10500 E. Berkeley Square Parkway.
"This will be our foray into the Wichita market," Hartman says. "The business model we're going after will be small-to-medium-size businesses, hopefully being able to furnish them the capital to grow."
The bank's first and only other branch is in Leon.
Hartman bought the State Bank of Leon in 2010 and changed the name to Vintage Bank Kansas in 2011.
Earlier this year, Hartman formed the Vintage Bancorp holding company and entered into a stock purchase agreement with Cornerstone Alliance, a holding company for CornerBank in Winfield.
In the end, the deal didn't happen. Hartman says it makes more sense to open this branch instead.
"Hopefully, it will be under construction late this year."
The bank has $15 million in assets.
"Which means we are so itty bitty," Hartman says. "That's why we're trying to grow."
He says there will be additional capital to increase the bank's lending capability with the new branch, but he's not sure how much.
Arrangements for the new branch aren't finalized yet.
"We anticipate the final approval will be in the next 30 days," Hartman says.
He says he won't concentrate on further expansion until the new branch opens and he gets it "on a solid footing, and then we’ll decide what the market and economy will allow."