Southwest Bancorp plans to merge SNB Bank of Wichita with SNB Bank of Kansas

Sep 23, 2008 (Datamonitor via COMTEX) -- OKSB | Quote | Chart | News | PowerRating -- Southwest Bancorp has announced the planned merger of its Wichita subsidiary, SNB Bank of Wichita with its Kansas banking subsidiary, SNB Bank of Kansas. The resulting entity will operate under the SNB Bank of Kansas brand and charter.

After the merger, SNB Bank of Kansas will have approximately $175million in assets. The merger, which is subject to the approval of the FDIC and the Kansas Banking Commissioner, is expected to be effective in early 2009.

Rick Green, CEO of Southwest Bancorp, said: "Merging our Hutchinson and Wichita operations helps our customers who live in work in those areas by providing them with more banking locations. Our shareholders like to see us achieve the operational efficiencies we'll gain by having one less subsidiary to manage."

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