Brooke Savings Bank Revives Generations Bank Trade Name
08 Agosto 2008 - 9:29AM
Marketwired
Leland Orr, chairman and chief executive officer of Brooke Savings
Bank, announced today that the bank's board of directors has
approved changing the bank's name to Generations Bank, the bank's
name as originally chartered. The board also approved renovation of
a Phillips County historic landmark as the new headquarters of
Generations Bank.
From its original charter date until January 2007, Brooke
Savings Bank was known as Generations Bank. In January 2007, the
bank's name was changed to Brooke Savings Bank to reflect the
anticipated recruitment of Brooke Capital Corporation's property
and casualty insurance agents as bank agents. Although the bank
continues to actively recruit Brooke agents, the majority of its
agents are not Brooke insurance agents due to the recent
acquisition of bank agent locations from Bank of the West. To
reflect this development, Brooke Savings Bank is becoming
Generations Bank.
Generations Bank has also acquired the Masonic Lodge building in
Phillipsburg, Kan., which will be renovated into the bank's
headquarters. The building is located at the intersection of 4th
and G streets and has served as a meeting place for Free Masons for
100 years. Generations Bank plans to renovate the two-story brick
building to much of its original splendor. The Generations Bank
headquarters will serve Phillips County bank customers and the
bank's agents, and provide support for customers served by its bank
agents.
About Generations Bank
Generations Bank is a thrift institution headquartered in
Phillipsburg, Kan., with the authority to recruit banker agents
throughout the country. As of June 30, 2008, Generations Bank's
assets totaled more than $130 million and its equity capital
totaled more than $14 million. Generations Bank is a wholly-owned
indirect subsidiary of Brooke Corporation (NASDAQ: BXXX) and member
of FDIC. For more information, visit
www.generationsagentbank.com.
Contact: Lisa Mussman 800-747-4237 ext. 561 Email Contact
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