June 2010

Well there have been better times, that is for sure - here at the end of June (and primarily the reason for such a late post) Bank Midwest has decided to sell their traditional commercial and retail banking business to a new holding company here in the KC metroplex.  The branches that I am involved with at this time, those in the Walmart stores throughout the region, will continue to be owned and operated by DFC, though we're still unsure if we're going to be absorbed by one of their affiliates or rebranded as our own affiliate of the Corporation.  DFC is remaining at their headquarters in Kansas City, though they will be now sharing the building with NBH (the holding company that has purchased the 38 traditional branches).

So, here in the next 90 days we will be given the official title of the bank that we are to become and the official plans that our parent company (DFC) has for our branches.  We do know that the official response from DFC is that this "transaction is a win-win-win.  It's good for our customers, employees and Bank Midwest communities.  It's also a strong step forward for Dickinson Financial Corporation."  So.....yeah, still not quite sure if anyone knows what is going on for the most part - because every time we bring up a question the response is that we'll get the details at a "later date."  All we know for certain is that the transaction will not close for several months, pending regulatory approval - which means that until that point we're all basically being forced to fly by the seat of our pants.  ::sigh::