SOUTH HUTCHINSON, Kan., June 19 /PRNewswire-FirstCall/ -- SNB Bank of Kansas announced that it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire deposits and loans from the First National Bank of Anthony (FNB Anthony), Anthony, Kansas. SNB Bank of Kansas is a full service commercial bank headquartered in South Hutchinson, Kansas.
(Logo: http://www.newscom.com/cgi-bin/prnh/20011127/SOUTHWESTLOGO) -- All six branches of FNB Anthony will reopen as offices of SNB Bank of Kansas. -- Branches with regular Saturday hours will reopen tomorrow, Saturday, June 20th. -- Other branches will reopen on Monday, June 22nd. -- FNB Anthony depositors will automatically become depositors of SNB Bank of Kansas, and deposits will continue to be insured by the FDIC without interruption.
During the weekend, FNB Anthony customers can access their money with a debit card, through an ATM, or by writing a check. Checks drawn on FNB Anthony accounts will continue to be processed. Loan customers should continue to make scheduled payments as normal. FNB Anthony customers can continue to bank as usual while SNB Bank of Kansas fully integrates FNB Anthony operations.
SNB Bank of Kansas is a subsidiary of Southwest Bancorp, Inc., Stillwater, Oklahoma, , which has total assets of $2.9 billion and offices in Oklahoma, Texas, and Kansas and on the Internet, through SNB DirectBanker(R).
Rick Green, Vice Chairman of SNB Bank of Kansas and Chief Executive Officer of Southwest Bancorp, Inc. stated, "At Southwest and Bank of Kansas our banking philosophy is to provide a high level of customer service, a wide range of financial services, and products responsive to customer needs. We welcome the customers of First National Bank of Anthony to SNB Bank of Kansas, which has served Kansas citizens and businesses for over a century. There will be no interruption of banking services and customers can be confident that their deposits are secure and accessible."
The FDIC accepted receivership of FNB Anthony from the Office of the Comptroller of the Currency after the close of business on Friday, June 19, 2009. At March 31, FNB Anthony, which also operated under the trade name of FNB Johnson County, had assets of $157 million. SNB Bank of Kansas also acquired certain assets and liabilities in addition to loans and deposits. The agreement with the FDIC includes loss sharing agreements that provide SNB Bank of Kansas with significant protection against credit losses from loans and related assets acquired from FNB Anthony.
Customers who have questions about today's transaction can call the FDIC toll-free at 1-877-367-2719. The phone number will be operational this evening until 9 p.m., CDT; on Saturday from 9:00 a.m. to 6:00 p.m., CDT; on Sunday from noon to 6:00 p.m., CDT; and thereafter from 8:00 a.m. to 8:00 p.m., CDT.
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SNB Bank of Kansas
CONTACT: Corporate Office, SNB Bank of Kansas, +1-620-728-3000
Web Site: http://www.bankofkansas.com/
