Shareholders re-elect three directors -- Chairman Michael W. Gullion, William
Wallman and William R. Hagman, Jr. -- to three-year terms; approve increase in
number of authorized shares; and reappoint KPMG, LLP as the Company's auditor
for 1999
LEAWOOD, Kan., April 28 /PRNewswire/ -- Gold Banc Corporation, Inc.
(Nasdaq: GLDB) will adopt the name Gold Bank for its rapidly growing banking
business in suburban Kansas City, adding consistency to its identity and
further strengthening relationships with bank customers, Chairman and Chief
Executive Officer Michael W. Gullion told investors today at the Company's
Annual Meeting of Shareholders.
Shareholders represented at the meeting re-elected three individuals to
three-year terms as directors of Gold Banc -- Gullion, William Wallman, and
William R. Hagman, Jr.; and approved a Company proposal to allow an increase
in the number of authorized shares to 50 million common shares and 50 million
preferred shares. Gold Banc currently has 17.2 million common shares
outstanding. Shareholders also reappointed KPMG, LLP as the Company's auditor
for 1999.
The Company also previewed its Total Internet Banking service, which will
be launched in the coming weeks at http://www.goldbankonline.com. "Our Total
Internet Banking offers the convenience of secure, one-stop financial services
through the Web -- and puts us ahead of our competitors in meeting our
customers' business needs," Gullion told shareholders in the meeting at the
Ritz-Carlton in Kansas City, Missouri.
In addition, following the Annual Meeting, the Company's Board of
Directors held its regular meeting and approved a $0.02 per common share
dividend to shareholders of record as of May 14, 1999 payable on May 24, 1999.
Gold Banc said its largest bank, Exchange National Bank, has experienced
explosive growth in Johnson County, Kansas, a suburb of Kansas City that is
one of the nation's most affluent counties. The bank now has four offices in
Johnson County. At the same time, the community banking franchise's parent
holding company, Gold Banc, has gained recognition in the Kansas City area as
it has grown to more than $1.1 billion in assets.
Exchange Bank in Johnson County will become Gold Bank, effective June 1.
"We want our customers in the Kansas City area to understand that Gold
Bank is part of a growing, billion-dollar-plus family of community banks.
Bringing the Gold Bank identity to our locations in Johnson County will
further strengthen the relationship of our customers with our community
bankers," Gullion said. "When you walk into our banks, you find people who
are committed to meeting your financial service needs -- a personal style of
service we call More Than Money(SM) -- backed by advanced technology and
shared resources such as investment management and trust services."
Exchange Bank has locations at 11301 Nall Avenue, Leawood; I-435 and
Midland Drive, Shawnee; 13425 Shawnee Mission Parkway, Shawnee; and 21900
Shawnee Mission Parkway, Shawnee. Two offices in Marysville, Kansas, will
retain the Exchange Bank name and will continue to offer banking relationships
with local decision-makers.
Preview of goldbankonline.com Total Internet Banking
Malcolm M. (Mick) Aslin, President and Chief Operating Officer of Gold
Banc, said the Company's Total Internet Banking will give customers access to
a wide array of financial services on-line, including complete account
information and the ability to pay bills, get custom reports, make transfers
and execute other financial transactions.
"We are building a reputation as the community bank that offers business
owners and individuals cutting-edge technology in addition to personal
service," Aslin said. "The on-line bill payment, loan and credit
applications, and other services at http://www.goldbankonline.com, which used to
require a special trip to the bank, will go beyond what even the large banks
are offering on-line. We will integrate our brokerage, insurance and trust
services to provide one-stop financial shopping."
"Total Internet Banking, offered first at Gold Bank and then rolled out to
our other banks, will help today's busy customers succeed by carrying out
daily transactions in the most convenient, time-saving way possible," Aslin
added. "Our personal bankers will always be here, of course, to help
customers who prefer lobby service or need specialized assistance with their
business or personal financial goals."
In February 1999, Gold Banc announced its acquisition of CompuNet
Engineering, which provides networking solutions for banks and other
businesses. Aslin, who headed CompuNet and is a former President and Chief
Operating Officer of United Missouri Bancshares, Inc., joined Gold Banc in
February as President and COO. In 1998, CompuNet created a technology center
for Gold Banc in Lenexa, Kansas, to centralize back-office operations and to
provide high-tech services for bank customers.
Gold Banc Adds to Shareholder Value in 1998
Gullion remarked that 1998 was "a billion-dollar year" in which total
assets of Gold Banc soared from $515 million to $1.1 billion. Net income also
more than doubled in 1998, to a record $9.1 million, before restatement to
account for acquisitions during the year. Gold Banc acquired banks in 1998 in
a rapidly growing area of Tulsa, Oklahoma, and in other communities -- plus a
trust company and brokerage and investment management firm to serve bank
customers.
"At more than $1 billion, we're just getting started," Gullion noted.
"Our strategy is to continue to grow our core community banking business,
expand through additional acquisitions that add to shareholder value, and lead
the way in financial services technology."
About the Gold Banc Family
Based in Johnson County, Kansas, one of the nation's fastest-growing
suburban areas, Gold Banc focuses on community banking in Kansas, Missouri,
Oklahoma and adjacent states. Gold Banc also owns Midwest Capital Management,
Inc., a full service broker/dealer and investment management firm based in
Kansas City, Missouri and The Trust Company, a trust services business
headquartered in St. Joseph, Missouri. For more information, visit the
company web site at http://www.goldbanc.com.
Safe Harbor Statement
This news release contains comments or information that constitute
forward-looking statements (within the meaning of the Private Securities
Litigation Reform Act of 1995), which involve significant risks and
uncertainties. Actual results may differ materially from the results
discussed in the forward-looking statements. Factors that might cause such a
difference include, but are not limited to: (1) expected cost savings from
acquisitions cannot be fully realized or realized within the expected time
frame; (2) revenues are lower than expected; (3) competitive pressures among
depository institutions increase significantly; (4) costs or difficulties
related to the integration of the business of the organizations are greater
than expected; (5) changes in the interest rate environment reduce interest
margins; (6) general economic conditions, either nationally or in states in
which the combined company will be doing business, are less favorable than
expected; and (7) legislation or regulatory changes adversely affect the
businesses in which the combined company would be engaged.
SOURCE Gold Banc Corporation, Inc.
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Related links:
http://www.goldbanc.com
CONTACT:
Keith E. Bouchey, Exec. V.P. & CFO, e-mail,
keithb@goldbanc.com or Brian J. Ruisinger, Investor Relations,
e-mail, brianr@goldbanc.com, of Gold Banc, 913-451-8050; or
General Information, Mike Arneth, 312-640-6734, e-mail,
mga@chi.frbd.com, Analysts or Investors, Paul Scheeler,
312-640-6742, e-mail, pas@chi.frbd.com or Media Inquiries, Bess
Gallanis, 312-640-6737, e-mail, bag@chi.frbd.com, all of The
Financial Relations Board
NOTE TO EDITORS: For more information on Gold Banc toll-free via
fax, simply dial 1-800-PRO-INFO, follow the voice menu prompts
and enter the company code "GLDB" on any touch tone phone
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