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Two sister companies – Citizens Bank of Kansas and Western Credit, Inc. – will both operate under the bank name effective today.  Western Credit, Inc., a consumer finance company owned by King Bancshares, Inc. (which also owns Citizens Bank of Kansas), has been acquired by the Bank with approval from the Federal Reserve and Office of the State Banking Commissioner.  Two former Western Credit locations in Wichita and Salina will now operate as branches of the Bank under the brand Western Credit Branch of Citizens Bank of Kansas.  All former finance company employees will become Bank employees. 

“This transaction has been in the works for a long time,” said Mark Keeny, CEO of Citizens Bank of Kansas, a $217 million bank based in Kingman, Kansas.  “It made sense to us for a variety of reasons, but we had to work with several regulatory agencies to make it happen.  We are all very pleased to finally announce the successful merger of our companies, which we believe will ultimately result in improved financial services for Western Credit customers and other under-banked Kansans.”  

Western Credit, Inc. was formed in 1997 with a single office in El Dorado, Kansas.  Russell Black, a former Beneficial Finance lender, was chosen to lead the new entity.  Black remains the General Manager of the finance company, which has a current loan portfolio of over $6 million.  

“The two new branches will ultimately be full service branches, and we will be ready to make loans on day one,” said Jane Deterding, Chairman and Chief Strategic Marketing Officer of Citizens Bank of Kansas.  “Our goal is to have retail services in the new locations by January 2013,” she said.  The public will see new signage at the branches, and inclusion on the Bank’s website at www.citizensbankofkansas.com/westerncredit.  The new branches are located at   615 E. 47th St. South, Suite 635, Wichita KS 67216, and 711 Roach St., PO Box 3765, Salina KS 67401.  

Citizens Bank of Kansas takes pride in being the family-owned neighborhood bank for its customers for four generations.  CBK has banking facilities throughout south central Kansas, and has a strong tradition of community service.   

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The Board of Directors of Citizens Bank of Kansas has elected Jane Deterding to serve as Chairman of the Board.  She replaces her mother, Shirley Deterding, who stepped down, but will continue to serve on the Board as Chairman Emeritus.  Shirley Deterding became Chairman in 2004 after the death of her husband, Max Deterding.

“This change is part of our family succession planning,” said Shirley Deterding.  “Our customers can rest assured they will continue to receive the excellent customer service that is our trademark.  Our Bank is in good hands with my daughter as Chairman and my son-in-law, Mark Keeny, as CEO,” said the outgoing Chairman. 

Jane Deterding is a graduate of Wichita State University Business School and received a law degree from the University of Kansas.  After a decade of private practice in business and commercial law, she joined the Bank full-time in 2001 as the Bank’s General Counsel and Executive Vice President.  She lives with her husband, Brent Lehner, in western Sedgwick County.

Mark Keeny is a graduate of the University of Kansas and the Graduate School of Banking.  He joined the Bank in 1993 after five years as a bank examiner for the Office of the State Banking Commissioner.  Keeny became President of the Bank in 2002 and CEO in 2009.  He and his wife, Amy Deterding Keeny, live in Kingman.

In other actions, the Board named six executive officers, some with newly-defined roles within the Bank:  Mark Keeny, Chief Executive Officer;  Jane Deterding, Chief Strategic/Marketing Officer;  Dennis Knackstedt, President/Chief Financial Officer;  Corey Minor, Senior Vice President/Chief Operating Officer;  Corey Krehbiel, Senior Vice President/Chief Loan Officer;  Brian Gentry, Chief Technology Officer

The Bank also announced three promotions:  Cher McLachlan promoted to Senior Retail Manager; Koreen Bartel promoted to Retail Manager; and Robin Krehbiel promoted to Retail Manager.

Citizens Bank of Kansas, N.A., which has banking facilities throughout south central Kansas, has a strong tradition of community service.  The Bank takes pride in being the family-owned neighborhood bank for its customers for four generations.  

It started as just an idea to help those in need during the holidays, and quickly blossomed into local efforts with terrific results.  Citizens Bank of Kansas and its customers donated nearly $4,000.00 worth of peanut butter to local food pantries this week – half from customers with a matching amount from the Bank.

 

“Our ‘Spread’ the Holiday Cheer with CBOK, Part II was again a great success,” said Mark Keeny, CEO.  “We collected over fifty percent more than last year and more people were involved.  We’re proud to have played a part in this wonderful demonstration of communities helping their own,” Keeny said.

 

The campaign ran from December 1 through 28, 2012, with containers of peanut butter donated at all of CBOK’s branches -- Kingman, Winfield, Medicine Lodge, Pretty Prairie, East Wichita, and West Wichita.  The Bank matched all donations of peanut butter collected, and delivered to the following area food pantries: Pretty Prairie Food Bank, Winfield Food Pantry, Joseph’s Storehouse in Burden, Caring Hearts & Hands in West Wichita, Kansas Food Bank in Wichita, Medicine Lodge Food Pantry and Kingman Food Pantry. 

 

Citizens Bank of Kansas, N.A., which has banking facilities throughout south central Kansas, has a strong tradition of community service.  The Bank takes pride in being the family-owned neighborhood bank for its customers for four generations.