LEAWOOD ? Gold Banc Corp. says regulators will probably strip Gold Bank-Kansas of its “well-managed” rating, possibly leading to restrictions on its payment of dividends.

The disclosures came in the annual report Gold Banc filed Tuesday with the Securities and Exchange Commission.

Leawood-based Gold Banc claims former chief executive Mike Gullion diverted $2.5 million for personal use. Gullion, 48, has not made any public comment since his resignation in March.

In the SEC filing, Gold Banc said it was negotiating with Gullion’s attorney to repurchase Gullion’s shares of Gold stock. The proceeds would be used to satisfy at least part of the $2.5 million.

Gold Banc is awaiting the results of examinations of the company and Gold Bank-Kansas by the Federal Reserve Bank and Kansas State Bank Commissioner’s Office. Gold Banc said it anticipated the Federal Reserve Bank would take away Gold Bank-Kansas’ “well-managed” status, which would put it out of compliance with federal laws.