A shareholder who opposed the sale of First American Bancshares in Kansas City, Kan., is moving quickly to start a competing bank.

David Spehar, the former president of a First American subsidiary, filed an application with state regulators last month to open an institution called First American Bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.