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Answer:
The answer is Clovis.
Explanation:
King Clovis (466-511 AD) was not the first Frankish king, but he established the kingdom of the Franks as a major political unit. He founded the Merovingian dynasty, he ruled much of the Gaul. His baptism took place toward the end of the 5th century (there´s no historical certainty about the exact date). He became a key ally of the Church and its spreading of Christianity.
"Lofty financially well to do citizens who carried much power within the community" would generally be referred to as being part of an "aristocracy", since this is a government that is controlled by such people.