Early return on merger of two KC-area mutual banks: $25M lawsuit

First Federal Bank of Kansas City is getting sued by members of the former Inter-State Federal Savings and Loan for not distributing excess capital reserves as dividends before the two entities merged in May. Two members of Inter-State Federal, Steven Chase and Shawn Penner, argue that Inter-State Federal ignored a "winding up" provision in its charter that required its board of directors to distribute excess reserves on the bank's balance sheet prior to its merger with First Federal. The charter…