First Bank of Newton will be merged into the INTRUST Financial Corporation according to a release put out by First Bank. According to the release, the merger should be complete by Aug. 1.
In November it’s anticipated that First Bank will become INTRUST Bank, and part of one of the largest independent banking chains in Kansas.
“We have a long association with INTRUST Bank, one reaching back more than 50 years,” Ray Penner, president, First Bank of Newton, stated in the release, “We will work hard to ensure the process is smooth for customers and we are here to help answer any questions.”
According to the release more details will be shared with customers over the summer, including information on products and services. There is nothing First Bank customers need to do at this time.
Kim Richtig, marketing director for First Bank said the merger is in the early process at this time and it was unknown what the leadership structure would look like following the merger. However she said the INTRUST’s intention was to retain as many employees as possible.
“Customers will continue to enjoy seeing the same friendly faces of First Bank employees,” she said.
Jay Smith, president and COO of INTRUST Bank stated the bank will continue to be dedicated to its customers in Newton.
“The founding principles of First Bank and INTRUST are quite similar, relying on integrity, trust and mutual respect.”
First Bank identifies itself as Harvey County’s Oldest Bank, founded in 1873. Newton was incorporated in 1872.