SOURCE: Brooke Savings Bank

August 08, 2008 10:29 ET

Brooke Savings Bank Revives Generations Bank Trade Name

OVERLAND PARK, KS--(Marketwire - August 8, 2008) - Leland Orr, chairman and chief executive officer of Brooke Savings Bank, announced today that the bank's board of directors has approved changing the bank's name to Generations Bank, the bank's name as originally chartered. The board also approved renovation of a Phillips County historic landmark as the new headquarters of Generations Bank.

From its original charter date until January 2007, Brooke Savings Bank was known as Generations Bank. In January 2007, the bank's name was changed to Brooke Savings Bank to reflect the anticipated recruitment of Brooke Capital Corporation's property and casualty insurance agents as bank agents. Although the bank continues to actively recruit Brooke agents, the majority of its agents are not Brooke insurance agents due to the recent acquisition of bank agent locations from Bank of the West. To reflect this development, Brooke Savings Bank is becoming Generations Bank.

Generations Bank has also acquired the Masonic Lodge building in Phillipsburg, Kan., which will be renovated into the bank's headquarters. The building is located at the intersection of 4th and G streets and has served as a meeting place for Free Masons for 100 years. Generations Bank plans to renovate the two-story brick building to much of its original splendor. The Generations Bank headquarters will serve Phillips County bank customers and the bank's agents, and provide support for customers served by its bank agents.

About Generations Bank

Generations Bank is a thrift institution headquartered in Phillipsburg, Kan., with the authority to recruit banker agents throughout the country. As of June 30, 2008, Generations Bank's assets totaled more than $130 million and its equity capital totaled more than $14 million. Generations Bank is a wholly-owned indirect subsidiary of Brooke Corporation (NASDAQ: BXXX) and member of FDIC. For more information, visit

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