Seven bank subsidiaries of Overland Park, Kan.-based filedan application with the FDIC to merge under the name Security Bank of Kansas City,the Kansas City Business Journal reported.
The banks operate under the BancAbility brand and include , , , , , First Bank of Missouri and Citizens State Bank.
The banks filed the application July 15 with the FDIC.
James Lewis — president and CEO of Valley View Bancshares andchairman, president and CEO of Industrial State and Security Bank — will remainCEO of the combined entity. Meanwhile, the current bank presidents will become regionalpresidents or community bank presidents at their current locations, the report stated.
Following the merger, the combined entity will have $3.2 billionin assets and 44 branches, the news outlet reported.
In addition, the combined entity plans to retain all currentemployees of the BancAbility network.