Wink Hartman Sr. to open a Vintage Bank Kansas branch in his east-side office

UPDATED — Having your own bank is convenient. Having it in the building where you office is even handier.

Just ask Wink Hartman Sr.

“We’re putting a Vintage Bank branch in the Hartman office building,” he says of his building at 10500 E. Berkeley Square Parkway.

“This will be our foray into the Wichita market,” Hartman says. “The business model we’re going after will be small-to-medium-size businesses, hopefully being able to furnish them the capital to grow.”

The bank’s first and only other branch is in Leon.

Hartman bought the State Bank of Leon in 2010 and changed the name to Vintage Bank Kansas in 2011.

Earlier this year, Hartman formed the Vintage Bancorp holding company and entered into a stock purchase agreement with Cornerstone Alliance, a holding company for CornerBank in Winfield.

In the end, the deal didn’t happen.

Vintage Bank has $15 million in assets.

“Which means we are so itty-bitty,” Hartman says. “That’s why we’re trying to grow.”

He says there will be additional capital to increase the bank’s lending capability with the new branch, but he’s not sure how much.

Arrangements for the new branch aren’t finalized yet.

“We anticipate the final approval will be in the next 30 days,” Hartman says. “Hopefully, it will be under construction late this year.”

He says he won’t concentrate on further expansion until the new branch opens and he gets it “on a solid footing, and then we’ll decide what the market and economy will allow.”

 

Wink Hartman Sr.’s new holding company to purchase CornerBank in Winfield

UPDATED — A year after buying his first bank, businessman Wink Hartman Sr. is creating a financial holding company for his Vintage Bank Kansas in Leon and working on the purchase of a second bank.

The new Vintage Bancorp – a corporation that will become a holding company – has entered into a stock purchase agreement with Cornerstone Alliance, a holding company for CornerBank in Winfield.

“Basically, Vintage Bancorp is purchasing CornerBank, if you will,” says Bruce Schwyhart, Cornerstone and CornerBank president. “CornerBank will continue to be a national bank.”

CornerBank has $278 million in assets. Vintage Bank, which until recently was known as the Bank of Leon, has more than $14 million in assets.

“We’re pleased with the CornerBank opportunity, and in the future, hopefully we’ll be looking for additional acquisitions,” Hartman says. “Presently, 100 percent of our time and effort is going to be to complete the acquisition of CornerBank.”

The deal is expected to close in July or August after shareholder and regulatory approval.

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