Newton, KS

The Newton Main branch, located on the corner of 6th Street and Main at 527 N. Main opened March 3, 1893 in a building located on the northeast corner of Fifth and Main. Grant Hornaday was the bank's president, J.H. McNair, vice-president and Don Kinney, cashier. The bank purchased the current site in 1896 for $6000 and moved in 1907.

 

The building was extensively remodeled in 1907, 1922 and 1977. A stone wall from Peter Luhn's 1876 Pioneer Store, uncovered in 1977, can still be seen inside the bank. 

 

Herman E. Suderman (b.1873), an 1885 Russian immigrant, began his banking career at the age of 13 as a janitor and messenger for the German National Bank. In 1902 he was employed by the Midland bank and in 1903 was elected a director and vice-president. He purchased the controlling interest in 1916 and 3 years later became its president. He held this position until he was succeeded by his son John C. in 1954, with James H. and John R. Suderman later becoming 3rd generation officers of the bank. 

 

In October of 2019, Docking Bancshares, Inc. parent company of Union State Bank, and Midland Financial Corporation, parent company of Midland National Bank announced the signing of an agreement for Docking Bancshares, Inc. to acquire Midland Financial Corporation and its subsidiary, Midland National Bank.  The transaction transaction closed on January 1, 2020; however, Midland National Bank continude to operate separately as “Midland”, a division of Union State Bank, until the third quarter of 2020 when the banking systems were converted.  At that time, the bank was rebranded to Union State Bank.