City National looks at early September opening for its first area Walmart branch
06/25/2012 5:00 AM
06/26/2012 7:03 AM
A Lawton, Okla.-based bank is planning to expand its presence in Wichita even before it has opened its first branch.
City National Bank & Trust Co., which is expected to open its first branch here inside the Walmart Supercenter at 11411 E. Kellogg, has applied to open two more at Walmart stores at 3030 N. Rock and 2020 N. Nelson in Derby, according to a filing with the Office of the Comptroller of the Currency that was posted online Monday.
All three in-store Walmart branches were previously occupied by Fidelity Bank, which said at the beginning of the year that it would not renew its leases at those stores.
City National made application May 29 for the two new locations. It had earlier applied for the East Kellogg store, and it received OCC approval June 15.
Erin Liberton, City National vice president who will oversee the Wichita-area branches, said she hopes the bank’s Kellogg branch will open in early September, followed shortly thereafter by the other two.
A firm date for the opening is still unclear, she said.
Liberton said the bank has interviewed a couple of Wichita job candidates and continues to recruit and interview, though she said the bank has yet to make any formal offers and is waiting until it has an opening date for its first branch. The bank is accepting resumes via email at firstname.lastname@example.org.
She said the bank branches here will be open from 9 a.m. to 7 p.m. Monday through Friday and from 9 a.m. to 4 p.m. on Saturdays.
City National has $300 million in assets and operates 36 branches in 20 cities in Oklahoma. Thirty-one of those branches are in-store branches, primarily Walmarts. According to its first quarter 2012 financials filed with the Federal Deposit Insurance Corp., the bank has a return on assets of 1.98 percent. ROA shows how much money a bank earns for each $100 it has in assets.
The Wichita-area Walmart branches will mark City National’s first expansion into Kansas.
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