At the close of business on Nov. 15, the Bank of Kansas will get a new name.
That’s because the holding company of the South Hutchinson-based bank – with east and west branches in Wichita – is consolidating its two bank charters into one and renaming all its banks Bank SNB.
Officials from Southwest Bancorp said this week that the renaming includes Stillwater National Bank and Trust and SNB Banks in Oklahoma and Texas.
“This charter consolidation and new name allows us to be unified as one bank and one brand across our entire footprint,” Southwest Bancorp CEO Mark Funke said in a news release.
Pat Gearhart, Bank of Kansas’ Wichita market president, said he hopes the signs outside his banks will reflect the name change in time for a Nov. 16 opening.
“We expect that would be the case,” he said.
Gearhart said the charter consolidation should benefit the company in terms of the costs of maintaining two charters as well as making it easier for a Stillwater National Bank customer to transact business at a Bank of Kansas branch.
“Other than those added conveniences, they should not expect a lot of change,” he said.
A new logo is being developed along with the charter and name changes.
Southwest Bancorp, headquartered in Stillwater and with $2 billion in assets, opened SNB Bank of Wichita in 2003. In February 2007, Southwest acquired Bank of Kansas, and a year later merged SNB Wichita into Bank of Kansas.
Besides South Hutchinson and Wichita, Bank of Kansas has branches in Anthony, Harper and Overland Park. It has $292 million in assets.