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CoreFirst Bank & Trust facts for kids

Kids Encyclopedia Facts
CoreFirst Bank & Trust
Private
Industry Finance
Founded 1959
Headquarters Topeka, Kansas, USA
Number of locations
16
Key people
Duane Fager, Chairman
Kurt Kuta, President and CEO
Products Financial services
Number of employees
300-350 full-time equivalent (June 2013)
Parent Commerce Bank & Trust Holding Company

CoreFirst Bank & Trust (formerly Commerce Bank & Trust) is a community bank headquartered in Topeka, Kansas. Commerce Bank & Trust changed its name to CoreFirst Bank & Trust in order to differentiate itself from other "Commerce Banks", both in Kansas (Commerce Bancshares) and nationwide (such as Commerce Bank & Trust Company). Since the name change, CoreFirst has operated under three different brands.

CoreFirst serves the following communities: Topeka KS, Lenexa KS, Manhattan KS, Olathe KS, Shawnee KS, and Englewood Colorado.

The bank provides personal and commercial account services, including: deposit accounts, installment loans, real estate loans, Visa credit cards, investment management, trust services, lock box, and merchant card services. The bank also offers Internet Banking, Internet Billpayer, E-Statements, Debit & ATM Cards, a network of ATMs with the option of English or Spanish, and an Automated Phone Information System in English and Spanish.

History

CoreFirst Bank & Trust opened December 3, 1959 as Commerce State Bank. Commerce State Bank received trust power and in 1976 changed its name to Commerce Bank & Trust. Commerce opened its first in-store branches (grocery store) in 1988. In 1997, the first location outside of Topeka opened in Emporia, Kansas. Commerce reached $1 billion in assets in 2004.

In July, 2007, Commerce Bank & Trust changed its name to CoreFirst Bank & Trust to allow for expansion outside of its current market; Topeka, Kansas. CoreFirst Bank & Trust assumed the charter of First United Bank, NA Englewood, Colorado. Through this, CoreFirst opened its first location in Englewood, Colorado in September 2007. Later that year, CoreFirst opened its first Kansas City area branch in Shawnee, Kansas. Since 2007, CoreFirst has opened 2 additional locations in the Kansas City Kansas area, and 1 location in Manhattan Kansas. CoreFirst's branch network now consists of 16 branches in Kansas and Colorado.

Termination of enforcement action announced, June 16, 2015.