Southwest Bancorp Unit Acquires Kansas Bank

Stillwater-based Southwest Bancorp, Inc.’s subsidiary Bank of Kansas entered into a purchase and assumption agreement with the FDIC to acquire deposits, loans, and other liabilities and assets of First National Bank of Anthony in Anthony, Kan., in an FDIC-assisted transaction.
SNB Kansas, a wholly-owned, full-service commercial banking subsidiary of Southwest headquartered in the Hutchinson, Kan., market, announced the agreement June 19. All branches of FNBA reopened as offices of SNB Kansas. FNBA depositors automatically became depositors of SNB Kansas and deposits continued to be insured by the FDIC without interruption.
The transaction follows Southwest’s acquisition of SNB Kansas in 2007 and the merger of SNB Bank of Wichita, Southwest’s Kansas thrift subsidiary, into SNB Kansas earlier this year.
The six new SNB Kansas branches are in Anthony, Harper, Mayfield, Overland Park, Olathe, and Wichita, Kan., and complement existing SNB Kansas branches in Hutchinson, South Hutchinson, and Wichita.
At March 31, 2009, consolidated Kansas banking operations accounted for about $160 million in deposits and $310 million in loans. Based upon March 31, 2009 information, Southwest estimated that SNB Kansas would acquire an additional $140 million in deposits and $125 million in loans (at book value) in the transaction. SNB Kansas also was to receive a cash payment from the FDIC.
SNB Kansas and the FDIC also have entered loss sharing agreements that provide SNB Kansas with significant protection against credit losses from loans and related assets acquired from FNBA. Under these agreements, the FDIC will reimburse SNB Kansas for 80 percent of losses on covered assets, primarily acquired loans and other real estate, of up to $35 million, and for 95 percent of any losses above $35 million.
Southwest Bancorp is the financial holding company for Stillwater National Bank and Trust Co., Bank of Kansas, Healthcare Strategic Support, Inc., and Business Consulting Group, Inc. Through its subsidiaries, Southwest offers commercial and consumer lending, deposit and investment services, and specialized cash management, consulting, and other financial services from offices in Oklahoma City, Edmond, Stillwater, Tulsa and Chickasha; Austin, Dallas, Houston, San Antonio, and Tilden, Texas; and Anthony, Harper, Mayfield, Overland Park, Olathe, Hutchinson, South Hutchinson and Wichita, Kan., and on the Internet, through SNB DirectBanker.
Amburgy Executive VP Of Commerce Bank-Tulsa
Commerce Bank has promoted Chris Amburgy to executive vice president and manager of Commercial and Industrial Lending in the Tulsa market.
Amburgy will be responsible for managing and continuing the growth of the bank’s commercial customer base, providing lending, payment system solutions and other banking services to middle market businesses in the Tulsa area. In addition, he will serve on the Commerce Bank Tulsa Market Executive Committee and the Tulsa Market Advisory Board of Directors.
A graduate of Oklahoma State University and a licensed CPA, Amburgy spent ten years with Bank of Oklahoma, where he served in various capacities within the Corporate Banking and Energy Lending departments. In 2007, Amburgy joined Commerce Bank as senior vice president of Corporate Banking. During Commerce Bank’s first 18 months of operations in Tulsa, he was instrumental in doubling the size of the bank’s loan portfolio.
Active in the community, Amburgy is a member of the Tulsa Business Journal’s 2008 Class of 40 Under 40, a graduate of Leadership Tulsa Class 37 and serves on the Tulsa Salvation Army advisory board. He also teaches elementary school students about business and economics as a volunteer for Junior Achievement.
Commerce Bank has two Tulsa locations at 2054 Utica Square and at East 81st Street & North Sheridan Road. It is a subsidiary of Kansas City-based Commerce Bancshares Inc., a $17 billion regional bank holding company.
Regent Bank Names Ward VP of Business Lending
Regent Bank has promoted Scott Ward to vice president of Business Lending.
Ward is a graduate of Northeastern State University and worked for SpiritBank and Citizens Security Bank before joining Regent Bank.
Since 2007, Ward has served as assistant vice president for Regent Bank. He specializes in all types of business lending including SBA guaranteed loan programs.
Oklahoma CPAs Honored
CPAs from across the state received honors at the Oklahoma Society of Certified Public Accountants Annual Members Meeting held last month at the Renaissance Hotel and Convention Center in Tulsa.
J. Patrick Milligan, CPA, was inducted as the 50th member of the Oklahoma Accounting Hall of Fame. Milligan is a partner at HoganTaylor, LLP in Tulsa and has been an active member of the OSCPA for almost 30 years.
Nick Gales, CPA, was honored as the recipient of the Public Service Award. Gales is the managing partner of Gales & Associates in Oklahoma City and has been an active OSCPA member for more than 35 years.
Eric P. Winden, CPA, PFS, was announced as the Gold Pen Award recipient for his article, “Congress Realigns the Preparer Penalty.” It was published in the January/February 2009 issue of CPAFOCUS, the OSCPA’s member magazine. Winden is a tax manager and principal shareholder at Gates, Winden & Associates, PC in Tulsa.
Jim H. Small, CPA, received the Silver Pen Award. Small, a controller for Drysdales, Inc. in Tulsa, won for his article, “The Business of Ethics,” published in the September/October 2008 issue of CPAFOCUS.
Four CPAs received the Distinguished CPA Award. The Eastern Chapter of the OSCPA honored Judy Hoffman, CPA, a managing partner for Hoffman Accounting & Tax Services, PLLC, in Muskogee, with the award. Hoffman has been an OSCPA member for 20 years. Phil Hollingsworth, CPA, co-owner of Picek & Hollingsworth, PC, was selected by the Norman Chapter of the OSCPA for the honor. Hollingsworth has been a member of OSCPA for more than 25 years. The South Central Chapter of the OSCPA chose Larry A. Pulliam, CPA, the president of the Southern Oklahoma Memorial Foundation in as its honoree. Pulliam has been a member of the OSCPA for almost 30 years. Dan B. Doyle, CPA, represented the Tulsa Chapter of the OSCPA for the award. Doyle is the manager of enterprise general accounting for Williams Companies in Tulsa.



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