YOUR BUSINESS AUTHORITY
Springfield, MO
Perryville-based Reliable Community Bancshares Inc., the parent company of The Bank of Missouri, this week entered into a definitive agreement to purchase Dixon-based Mid America Banking Corp.
The Bank of Missouri will gain three branches, one each in Dixon, Rolla and St. Robert, via the purchase. The Bank of Missouri currently operates 23 branches, including three in Springfield, according to a news release.
“The combination of these banking organizations creates a more convenient network for our customers, a stronger presence in central Missouri and a broader array of banking products and services,” Reliable Community Bancshares President David Crader said in the release.
Terms of the deal expected to close in the first quarter were undisclosed. Officials expect to receive approvals by bank regulatory authorities and Mid America Banking shareholders by that time.
Mid America Banking holds $155 million in assets, which will be combined with The Bank of Missouri’s $1.3 billion in assets, according to the release.
[[In-content Ad]]
The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.
Chick N Max plans Springfield debut
Executive director hired at The Victim Center
Developer seeks approval of C-Street project, including Missouri Hotel renovation
Biblical history attraction planned at former Andy Williams theater
Photo Gallery: New Fire in the Hole debuts at Silver Dollar City