World Library  
Flag as Inappropriate
Email this Article

Fourth Financial Corporation

Article Id: WHEBN0015725445
Reproduction Date:

Title: Fourth Financial Corporation  
Author: World Heritage Encyclopedia
Language: English
Subject: Boatmen's Bancshares, Bank of America, Oral Roberts–Tulsa basketball rivalry, Bank of America Building (Midland), Bank of America Plaza (Fort Lauderdale)
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Fourth Financial Corporation

Fourth Financial Corporation
Industry Bank holding company
Fate Acquired by Boatmen's Bancshare
Successor Boatmen's Bancshares (now Bank of America)
Founded 1847
Defunct 1995
Headquarters Wichita, Kansas
Products Financial services
Number of employees
3,500
Subsidiaries Bank IV Kansas, Bank IV Oklahoma

Fourth Financial Corporation was a Wichita, Kansas bank holding company that was the largest and one of the oldest banks in Kansas as well as a dominant bank in Oklahoma when it was bought by Boatmen's Bancshares for $1.2 billion in stock in 1995.[1]

Fourth National Bank of Wichita was founded by George C. Strong in 1887.

It became Fourth Financial in 1968. In 1982 it began an aggressive expansion after state banking laws were relaxed allowing it to buy interest in other banks. It bought the maximum shares in five cities of more than 10,000 near colleges. In the strategy it became the biggest bank in the state in 1986 when it was allowed to totally take over its banks. It renamed its banks—Bank IV.[2]

Between 1985 and 1990 the bank under Jordan L. Haines and Ron Baldwin bought 24 banks—one every 75 days topping off at one a month when it began acquiring troubled Savings and loan associations during the Savings and Loan Crisis in 1990. Among the S&L's purchased was Anchor Savings.[2]

In 1990 just as it was approaching the limits it could control in Kansas, legislation permitted it to expand to other states and it began acquiring banks in Oklahoma under the Bank IV Oklahoma subsidiary.[2]

Boatmens acquired it in 1995. At the time it had $8 billion in assets and offices in 80 locations.[1]

References

  1. ^ a b Boatmen's to Buy Fourth Financial in $1.2 Billion Stock Deal - New York Times - August 26, 1995
  2. ^ a b c Profile in International Directory of Company Histories, Vol. 11. St. James Press, 1995 (via fundinguniverse.com).
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.