Prairie Village is home to a new, locally-owned bank, which opened this week in Corinth Square. The First National Bank, which has locations in Louisburg and Stillwell, is in the southwest corner of Corinth near 83rd and Somerset in the former Bank of America building. Two other businesses that have some common ownership interests also occupy the bank building: Central States Capital Markets and McLiney Lumber.
First National is a full service retail and commercial bank offering depositing and lending including residential, consumer, commercial and small business loans. Regional President Michael Mason says the bank has local management, makes local decisions quickly and can “give personal service,” which will set it apart. The bank also offers safety deposit boxes.
“We are a family business and we want to bring that experience to Prairie Village,” Mason said. “We want to be a good corporate citizen.”
The bank building has been completely remodeled, including the widened drive-through lanes. The McLiney family bought the First National Bank of Louisburg, now 90 years old, in 1973. The family also owns McLiney Lumber which handles the buying, advertising and servicing of several McLiney family-owned Sutherland Lumber stores in Missouri, Louisiana and Texas. Its offices are on the second floor of the bank building.
Central States Capital Markets shares the first floor and is a full service broker/dealer and investment manager that works with banks, insurance companies and individuals. “We’re a smaller, boutique firm so we’re able to customize investment plans for each client,” Casey McLiney said. The firm specializes in tax exempt securities, both underwriting and distributing, according to managing director Dan Stepp, and also offers wealth management for individuals. The firm has $450 million under management. It was founded in 2011 by a team that has been together since the 1990s, Stepp said. The McLiney family has an interest in Central States, but is not sole owner.
In 1917 Janie Sutherland McLiney’s grandfather, Robert Sutherland, started Sutherland Lumber, the home improvement center chain. In 2008 the family created McLiney Lumber to service its stores. Janie McLiney grew up at 103rd and Mission Road and remembers when it was farms and Mission Valley Hunt Club. She is excited about the rejuvenation of the center and the community that has developed in Prairie Village, she said. Several family members who operate the businesses still live nearby, including the bank’s manager, Michael Mason.