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FOURTH FINANCIAL CORP. TO PURCHASE WESTERN NATIONAL BANK

 WICHITA, Kan., June 4 /PRNewswire/ -- Fourth Financial Corp. (NASDAQ: FRTH), parent of BANK IV Kansas, N.A., and BANK IV Oklahoma, N.A., today announced it has executed a letter of intent to purchase Western National Bancorporation, Inc., the bank holding company for Western National Bank in Tulsa. Fourth Financial will exchange 1,190,000 shares of its stock for all of the stock of Western National Bancorporation and Western National Bank. When finalized, this transaction will be accounted for as a pooling of interests. The acquisition is expected to be completed during the fourth quarter of 1993. Western National Bank, with assets of $206 million and deposits of $187 million, will be merged into BANK IV Oklahoma.
 "Western National Bank is an attractive institution that complements our growing Tulsa franchise and accomplishes our goal of being the leading bank in Tulsa," said Fourth Financial Chairman and Chief Executive Officer Darrell G. Knudson.
 When the acquisition is complete, BANK IV Oklahoma will have 25 offices in the Tulsa market. "In many ways, Western National's retail customer base parallels our own and we look forward to delivering the full array of BANK IV products and services to our new customers," said Ed Keller, chairman of BANK IV Oklahoma.
 Western National is one of three pending acquisitions by Fourth Financial in Oklahoma. Commercial Landmark Corp., a four-bank holding company in northeastern Oklahoma, represents $469 million in assets. Ponca Bancshares, Inc. will add another $120 million in assets. Upon completion of these pending transactions, Fourth Financial will have assets in excess of $6.6 billion.
 Fourth Financial Corp. is a Wichita-based bank holding company with consolidated assets of $5.8 billion. The company currently operates 81 offices in 32 Kansas communities through its subsidiary, BANK IV Kansas, N.A., and 22 offices in four Oklahoma communities through its subsidiary, BANK IV Oklahoma, N.A. The BANK IV banks provide a full line of banking and financial services for consumers, agribusiness, small businesses and mid- to large-sized companies. Fourth Financial's common stock and depositary shares are traded on the NASDAQ national market system under the symbols FRTH and FRTHZ, respectively.
 -0- 6/4/93
 /CONTACT: Michael J. Shonka, chief financial officer, 316-261-4510 (investment inquiries) or R. Brent Thompson, senior VP of Fourth Financial Corp., 316-261-4403; or Ed Keller, chairman of BANK IV Oklahoma, 918-591-8448 (Local Media Inquiries)/
 (FRTH)


CO: Fourth Financial Corp.; Western National Bancorporation, Inc. ST: Kansas, Oklahoma IN: FIN SU: TNM

WB -- NY019 -- 5386 06/04/93 11:00 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
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