Thu. Jun 8th, 2023
Two Missouri Banks are merging.
The Bank of Bolivar is changing the name of its six locations in Southwest Missouri to The Bank of Missouri, which now has 38 banking locations in 25 cities in the Show Me State.
Parent company Reliable Community Bancshares now has assets worth $2.4 billion dollars.
Officials say The Bank of Missouri has been around since 1891 with locations in southeast, southwest and central Missouri.
THE BANK OF MISSOURI AND BANK OF BOLIVAR COMPLETE MERGER
Aug. 10, 2020 –The Bank of Missouri, headquartered in Perryville, MO, has completed its merger with Bank of Bolivar. Under the terms of the agreement, Bank of Bolivar has merged into and become part of The Bank of Missouri. Both banks now operate under the name of The Bank of Missouri, which is owned by Reliable Community Bancshares, Inc.
The six former Bank of Bolivar/BOB Community Financial locations are now branches of The Bank of Missouri and remain located within the Southwest Missouri towns of Bolivar, Springfield, Fair Grove and Marshfield. With the completion of this transaction, The Bank of Missouri now operates 38 banking locations in 25 Missouri cities across the state, and Reliable Community Bancshares, Inc. has grown its asset size to $2.4 billion.
“We are pleased Bank of Bolivar customers and employees have joined The Bank of Missouri family. Together, our two banks look forward to serving our local communities,” said Adrian Breen, CEO of The Bank of Missouri. “The combination of these banking organizations creates a more convenient network for our customers, a stronger presence in Southwest Missouri for The Bank of Missouri, and a broader array of banking products and services to all customers.”
Brad Gregory, Vice Chairman of the Southwest Region states, “This is a great fit and provides a bright future for our customers and employees. Customers can take advantage of expanded locations, have more choices in products to make the most of their money, and still be greeted and served by the same friendly faces they know and trust.”
The Bank of Missouri, headquartered in Perryville, Missouri, is a $2.4 billion financial institution, serving Missourians since 1891. They have locations in Southeast, Southwest and Central Missouri. Learn more about The Bank of Missouri at www.bankofmissouri.com or by following The Bank of Missouri on Facebook, Twitter, Instagram, LinkedIn and YouTube.