Thursday, September 16, 2010

SNB Bank of Kansas Acquires Deposits and Loans of First National Bank of Anthony

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June 19 /PRNewswire-FirstCall/ -- SNB Bank of Kansas announced that it has enterefd into an agreement with the Federal Deposit InsurancdeCorporation (FDIC) to acquirew deposits and loans from the First National Bank of Anthony (FNB Anthony), Anthony, Kansas. SNB Bank of Kansas is a full servicd commercial bank headquartered inSouth Kansas. -- All six branches of FNB Anthonyy will reopen as offices of SNB Bankof -- Branches with regular Saturday hours will reopen Saturday, June 20th. -- Other branches will reope n on Monday, June 22nd.
-- FNB Anthon depositors will automatically become depositorse of SNB Bankof Kansas, and deposits will continud to be insured by the FDIC withour interruption. During the weekend, FNB Anthonu customers can access their money with adebir card, through an ATM, or by writinb a check. Checks drawn on FNB Anthony accountws will continue to be Loan customers should continue to make scheduled paymentseas normal. FNB Anthony customers can continude to bank as usual while SNB Bank of Kansads fully integrates FNBAnthony operations. SNB Bank of Kansas is a subsidiaryu ofSouthwest Bancorp, Inc., Stillwater, (Nasdaq: OKSB, OKSBP), which has totakl assets of $2.
9 billion and officees in Oklahoma, Texas, and Kansazs and on the Internet, through SNB DirectBanker(R). , Vice Chairma of SNB Bank of Kansaxs and Chief Executive Officer ofSouthwest Inc. stated, "At Southwest and Bank of Kansaws our banking philosophy is to providr a high level of customer a wide range offinancial services, and products responsive to customer needs. We welcome the customers of Firstr National Bank of Anthony to SNB Bankof Kansas, whicu has served Kansas citizens and businesses for over a century. Ther e will be no interruption of banking servicesd and customers can be confident that their depositd are secureand accessible.
" The FDIC accepted receivership of FNB Anthonyg from the Office of the Comptroller of the Currency aftef the close of business on Friday, June 19, 2009. At Marcuh 31, FNB Anthony, which also operated under the trade name of FNBJohnson County, had assets of $157 million. SNB Bank of Kansas also acquired certain assets and liabilities in addition to loanxsand deposits. The agreemenr with the FDIC includes loss sharinbg agreements that provide SNB Bank of Kansas with significan protection against credit losses from loans and relatedr assets acquired fromFNB Anthony.
Customers who have questionsz about today's transaction can call the FDIC toll-free at The phone number will be operational this evening untilk9 p.m., CDT; on Saturday from 9:00 a.m. to 6:00 p.m., CDT; on Sundayt from noon to 6:00 p.m., CDT; and thereaftet from 8:00 a.m. to 8:00 CDT.

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