New bank to open in about a year
Bill New, chairman of the board at First State Bank and Trust, said his company has conducted business based on ethics, honesty and "Christian standards."
"First State Bank has been blessed because of that," New told a crowd of city officials, Basehor Chamber of Commerce members and fellow bank employees Wednesday during a ground-breaking ceremony at the bank's new building site.
"For years, First State Bank has had a strong contingency of customers from Basehor," New said. He added that the new building will be "the best bank we could build for the city of Basehor."
The new building, at the southwest corner of 155th Street and U.S. Highway 24-40, will take approximately one year to complete. It will entail 5,500 square feet of space, comparable to the highway bank branch in Tonganoxie.
"This is a day we've looked forward to for a long time," New said. "It's a wonderful day."
Sandy Seaba, a pastor at Elm Grove Baptist Church, offered the bank a blessing at the ground-breaking ceremony.
And Kent Needham, First State's president and CEO, reaffirmed New's sentiments that First State Bank and Trust operates on principles.
"We want to be (moral) and ethical in everything we do," he said.
Bank representatives said the new building will offer much-needed additional office space and more customer parking.
"It's the most perfect layout and (location) that could get," Needham said.
The current building, home to First State's Basehor branch since 1989, will be put on the market and will be used for a business other than a financial institution.
First State Bank and Trust also operates banks in Lawrence, Perry, Clearwater and Wichita.