OTTAWA — The two Ottawa Peoples banks will be sold to the First National Bank of Louisburg. Officials from the banks announced the sale late Monday. Once regulators approve, the sale will be effective this summer. “This transition helps support current and future Peoples Bank initiatives in other markets by providing both additional capital and management focus,” Wint Winter Jr., Peoples president said. “Ottawa and Franklin County will always be in the roots of the Winter family and we thank everyone who has banked and worked with us over the years.” Nancy Winter, major stockholder and wife of chairman emeritus Wint Winter, said the family is grateful for Ottawa’s business and said Ottawa will be well served by First National Bank. First National bank chairman Joe McLiney said he’s happy to come to Ottawa. Many of the First National executives have Ottawa roots and will be familiar to Ottawa customers, he said. President Bob Nauman is a graduate of Ottawa University. Chief lending officer Roger Maxwell is an Ottawa native who has 17 years of banking experience in Ottawa. Dan Bonin grew up in Ottawa and Daryl Flager also has an Ottawa background. The first National Bank has locations in Louisburg and Stilwell and has $13 million in capital. The Winter family has owned Peoples Bank since 1971. Peoples has 25 branches in Kansas, Colorado and New Mexico with the $50 million in capital and approximately $600 million in assets.
