Archive for Wednesday, April 6, 2005

Renovated downtown building to accommodate bank workers

First State purchases 3,000-saure-foot structure

April 6, 2005

Construction is moving along on Fourth Street where First State Bank and Trust is expanding its facilities.

Chris Donnelly, executive vice president, said the bank purchased a former office building near the northeast corner of Fourth and Bury. It is next door to the former Ratliff Drug Store, which the bank also owns.

"We plan to produce all of our loan documents for all of our locations," Donnelly said. "They also keep track of all the paperwork that goes along with the loans."

FSB employee Jackie Brown manages the loan department, which currently is housed in the FSB Tonganoxie highway location, Donnelly said.

The bank, which owns eight banks in Kansas, had explored the possibility of building a new building to house the department, but decided that purchasing this building, which includes 3,000 square feet of office space, was more economical, Donnelly said.

The front part of the building will include a larger room that will be used for employee training. The bank has 140 employees.

The back part of the building will have office space for about 16 employees.

"We have to have the space," Donnelly said of the building which is being remodeled and should be ready for employees to move into in June. "Because of our growth, the bank's growing pretty fast, we've got to have the space to put people."

Bank expansion also is taking place in Basehor. A new bank will be constructed on the southwest corner of 155th Street and State Avenue.

The bank's current location in Basehor is on the northwest corner of that intersection.

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