INTRUST Bank to purchase Millennium Bank
Monday, June 18, 2018
Daily Union Staff
INTRUST Bank announced Friday that it has reached an agreement with Millennium Bank of Junction City to purchase the bank, including its location in Junction City and related assets, subject to regulatory approval.
Millennium Bank will continue to operate as usual until the closing of the transaction, expected in the third quarter of this year.
Since 2007, INTRUST Bank has operated in Junction City when it acquired First State Bank of Junction City, and is currently located at 904 W. Sixth St.
“This purchase is an opportunity to improve our presence in Junction City while bringing added value to Millennium Bank customers,” said Charlie Chandler, chairman and CEO, INTRUST Bank. “Getting to know our new customers is a top priority.” Millennium Bank Chairman Gery Schoenrock stated, “INTRUST is a highly respected banking organization, the largest privately-held bank headquartered in Kansas and is currently under the fourth generation of family leadership.” He added, “Their commitment to the growth of Junction City is evident in their support of economic development initiatives, and we are confident they will continue to help our community grow and prosper.”
“As a community bank, INTRUST is dedicated to the communities we serve,” Chandler continued. “We are focused on creating strong relationships by getting to know our customers and addressing their needs.”