Advertisement

Archive for Sunday, April 19, 1998

BANK BRANCH A SIGN OF THE TIMES

April 19, 1998

Advertisement

Phil Harrison, whose family owns property across the alley from the NationsBank branch at 900 Ohio St. in Lawrence, has a moneymaking idea: Bank signs.

``That'd be the place to have the angle if you're in the sign business,'' he said last week. ``We're now going to have the fourth sign on that particular property.''

The building originally was owned by Anchor Federal Savings and Loan Assn. of Kansas City, Kan. It was one of 15 branches Anchor operated in the state.

That was the first sign.

The insolvent thrift was taken over by the Federal Deposit Insurance Corp. in 1989, and in 1990 it was sold to Wichita-based Fourth Financial Corp., the state's largest bank holding company. Fourth Financial operated the bank as a branch of Bank IV.

That was the second sign.

In 1996, Fourth Financial was acquired by Boatmen's Bancshares Inc. That would have been the third sign, but the St. Louis-based company didn't even have time to change the Lawrence bank's name by the time Boatmen's was acquired by NationsBank early in 1997.

NationsBank put up the third sign.

Now, it appears the building will have another new sign: BankAmerica.

Charlotte, N.C.-based NationsBank last week merged with San Francisco-based BankAmerica Corp., forming a coast-to-coast banking company with $570 billion in assets, making it the nation's biggest. The combined company will be known as BankAmerica Corp. and be headquartered in Charlotte.

The building at 900 Ohio now is one of 5,000 or more branches of the combined bank.

-- Richard Brack's phone message number is 832-7194. His e-mail address is brack@ljworld.com.

Commenting has been disabled for this item.