Intrust Bank

Intrust Financial Corporation owns Intrust Bank, which operates about 40 branches in Kansas and Oklahoma. Intrust came into being in 1876 as Farmers & Merchants Bank in Wichita, Kansas.  The founder, C. Q. Chandler, understood that the health of the bank was tied to the health of the community. C. Q. Chandler and his descendants have been at the helm of Intrust bank since its beginnings.  Intrust is dedicated to placing a strong emphasis on building relationships in communities they serve, and learning about the particular needs of their customers. The bank offers a range of deposit and lending products to meet the financial needs of individuals and of the area’s businesses. Deposit products include savings, checking, and retirement accounts; lending products include mortgage loans, home equity loans, auto loans, credit card services, and lines of credit. Intrust also offers wealth management services, such as securities brokerage, mutual funds, and various insurance and investment products.  Intrust Financial Corporation has $2738 millions in assets and posted a pretax earning of $46 million in 2005.

Intrust Bank Home Equity Loans

If the borrower wants to access some cash based on the equity in his home, Intrust has two ways to go about it.  For the home owner who wants the security of having some extra cash available, whether for immediate use or to save for future use, there is an equity line of credit.  The money may be borrowed and repaid as often as necessary over the term of the line. The home equity loan is another way to use home equity to obtain cash.  The Intrust home equity loan is a fixed or variable rate loan based on the equity in the borrower’s property.  This loan affords the customer a lump sum payout; however, interest is paid on the total amount of the loan, whether or not it is used.

Intrust Bank Mortgage Loans

First mortgage funding is also available from Intrust Bank.  They offer fixed rate (the interest rate stays the same for the life of the loan) mortgages with 15 and 30 year terms.  These loans have a $60,000 minimum and a $417,000 maximum.  Jumbo fixed rate loans with 15 and 30 year terms are funded in amounts of $417,000 to $650,000.  These are funded for single-family, owner occupied, primary residential properties only. Adjustable rate mortgages are also offered.  In this type of loan the interest rate stays fixed for a certain term and then returns to the market rate.  The rates and terms for these loans are available on request.  Intrust also funds FHA and VA loans.  These are insured by the Federal Housing Authority and the Veteran’s Administration, respectively, and they generally have less strident requirements than conventional loans.  The FHA loan is available for a 15 year fixed interest rate term, and the VA loan is available in 15 or 30 year fixed interest rate term. 

For the borrower who is planning to build his own home, a construction loan is available through Intrust Bank.  This type of loan allows the builder to borrow during the construction period and pay only interest during that time.  Once construction is complete, the loan may become the permanent funding for the property.  This saves the owner or builder time and money by allowing him to have only one set of documents, closing costs and application fees.

Intrust has many financial planning tools available on their website.  They encourage online banking and loan application.  They are also happy to serve their clients in person or by phone.

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