OTTAWA — Kansas State Bank officials said control of the bank’s holding company will change. The bank has filed papers that would result in control of Ottawa Bancshares, Inc., changing to a group of holding company shareholders led by Joseph McLiney. The holding company would continue to own and operate its three other subsidiary banks, the Lyon County State Bank, First Bank Kansas and First Kansas Bank. Kansas State Bank would become an independent bank controlled by the McLiney family, which is related to the Sutherland family, which had owned Kansas State Bank. Chairman Tom Thompson said the reorganization and change of control are part of a larger settlement among holding company shareholders. The company is pleased that the shareholder disputes are being resolved and the Kansas State Bank will be able to focus on the future, he said. Joseph McLiney said everything will be done to ensure a smooth transition and make Kansas State Bank an exceptional community bank. The bank has more than $90 million in assets with two locations in Ottawa and a full service bank in Baldwin City.
Thursday, March 31, 6:30 a.m.
