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Legacy Bank to Merge With First National Bank in Pratt
Thursday, April 26, 2018
Legacy Bank (Colwich Financial Corporation) is expanding its presence in Kansas with the acquisition of First National Bank in Pratt. Pending regulatory approval, the sale is expected to be finalized 3rd Quarter of 2018.
“We are appreciative of Kelly Mason, First National Bank CEO, and the FNB Board of Directors, for the opportunity to be involved in the Pratt community. Legacy Bank is committed to building a legacy through relationships, services and solutions. Mr. Mason and his team have set the model of excellent customer service and community involvement, a model we expect to maintain with the help of current bank employees and the Legacy Bank operating philosophy,” said Frank Suellentrop, Legacy Bank President and CEO.
First National Bank in Pratt was founded in 1902, and has long been considered a community-minded bank. “The opportunity for us to merge with a larger locally owned Kansas community bank enables us to still keep the values we have, but to also enhance the relationships we have with our customers in the future,” said bank CEO Kelly Mason.
First National Bank in Pratt has total assets at December 31, 2017 of $104 million with 20 employees with the one bank location in Pratt.
Legacy Bank opened for business as The State Bank of Colwich in 1886, and celebrated its 130th anniversary in February 2016. Legacy Bank at year end 2017 had total assets of $365 million with 80 employees. Legacy Bank has seven locations including Wichita, Colwich and Sedgwick