The parent company of Stillwater National Bank next month will merge its banks in three states under a single charter and a new name.
As of Nov. 15, Bank of Kansas will merge into Stillwater National Bank and Trust Co., consolidating all of Southwest Bancorp Inc.'s subsidiaries into the same national charter. The next day, all of the firm's banks in Oklahoma, Texas and Kansas will carry the name Bank SNB.
CEO Mark Funke said Southwest Bancorp sent letters this week to 29,000 customers to notify them of the impending change.
“This charter consolidation and new name allows us to be unified as one bank and one brand across our entire footprint,” Funke said.
A new logo for Bank SNB, a modern take on Stillwater National Bank's historic “S,” pays homage to where the company came from and will be introduced to accompany the name change.
Chairman Russ Teubner said the name change recognizes the company's legacy of more than a century while positioning the business as a firm with a bright future.
“The newly reorganized and re-branded Bank SNB will allow us to provide greater convenience and expanded services to our customers across all markets,” Teubner said. “It will provide us more opportunities and enable us to spread the word about our unique approach to banking.”
The merger will allow customers of any Southwest Bancorp bank to do business at any other subsidiary bank, Funke said.
Stillwater National Bank has offices in Stillwater, Tulsa, Oklahoma City, Edmond and Chickasha. In 2002, the bank expanded into Texas, operating as SNB Bank of Dallas, SNB Bank of Austin, SNB Bank of San Antonio and SNB McMullen Bank in Tilden. Bank of Kansas, purchased by Southwest Bancorp in July 2007, operates seven branches in Kansas.