With three mergers pending, Gold Banc of Leawood, Kan., has rescinded its share repurchase program.

Gold, a $586 million-asset company with 11.1 million shares of stock outstanding, announced the buyback Sept. 8. But the company canceled the program last week after it became concerned that the Securities and Exchange Commission would not approve three pending pooling-of-interest acquisitions if Gold were in the midst of a repurchase program.

The company has announced plans to buy Citizens Bank of Tulsa, Trust Company of St. Joseph, Mo., and First State Bank of Pittsburg, Kan. Though no shares had been repurchased under the month-old program, Gold had the authority to buy back 329,000 shares that it intended to distribute when employees exercised stock options.

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