John and Frank Collingwood became interested in Western Kansas in the early 1900's and began buying land. They soon became extensive landowners in the western half of Meade County, as well as surrounding counties. When the farming of wheat made evident the need for grain elevators, the Collingwoods built one in Plains. The first office of Collingwood Grain Company was built in 1903, and the first elevator in 1904-1905.
With the financial backing of the Collingwood brothers The Plains State Bank was established with Harry Collingwood, a nephew of John and Frank, as cashier, and John as president. The bank was chartered in July 7, 1906, with capital of $10,000.00. The first board of directors included: John A. Collingwood, D. Frank Collingwood, J.H. Collingwood, S.G. and Ella Demoret. The bank was a small frame building located just north of Collingwood Grain on the east side of Grand Avenue.
As of June 30, 2014 the Banks’ Capital Account has grown to over $14 million with Assets of $140 million. The bank remains committed to its roots by serving rural communities with the same vision and compassion as the founders. Today the bank has expanded to the Kansas communities of Lakin. Great Bend and Oakley. It not only provides the same quality customer service but has maintained a competitive position with modern banking services that allows our customers to benefit from efficient electronic banking products.
The current Board of Directors is Daniel Clawson, Chairman, Kirby B. Clawson, Mary Clawson, David Clawson, Kenby Clawson, D. Gene Dikeman, II, Lance Woodbury and Christy Kuhn.
At Plains State Bank we are, “Financing Your Future” and our Employees, Officers and Directors are committed to our customers.