Sturm Financial Group consolidates banking groups

Sturm Financial Group is consolidating two of its banking groups, folding  Premier Bank under the ANB Bank name.

Premier Bank in Kansas and Missouri has been a longtime member of Sturm Financial Group Inc., an independent bank holding company located in Denver.  The parent company also owns ANB Bank.

“We are consolidating our two banking groups to create one unified banking organization across the four states using the ANB Bank name,” said Koger Propst, Sturm Financial Group and ANB Bank president. “The consolidated bank will continue to be the independently owned bank we have always been.”

Koger Propst, Sturm Financial Group and ANB Bank president.

The proposed combination of ANB Bank and Premier Bank is subject to regulatory approval.

Premier Bank has four banking centers in Kansas and Missouri and ANB Bank has 32 banking centers in Colorado and Wyoming.  Sturm has assets of more than $1.8 billion.

“As we look to the future, our new name will reflect fresh and innovative banking services for our customers,” said J. Reed Nixon, Premier Bank’s president and CEO.

As part of the changes, ANB expects to unveil online account opening, a new website, improved mobile banking applications and new lending products, along with higher lending limits, Nixon said.