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Bank of Missouri buys former Village Bank properties

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Perryville-based The Bank of Missouri recently purchased two former Village Bank facilities, in Springfield and Ozark, from owner Liberty Bank for an undisclosed price. In the coming months, The Bank of Missouri will open two full-service branches at the locations, officials said.

"(The purchase) expands the reach of our branches to existing and new customers in the Springfield and southwest Missouri market," said Mick Nitsch, community bank president for The Bank of Missouri in Springfield.

The purchase of the 2760 S. Kansas Expressway location would bring a second Bank of Missouri facility to Springfield, with the other at 3807 S. Campbell Ave. Nitsch said The Bank of Missouri already has hired six employees for the location and is planning on adding two more before its startup date in mid-May.

An Ozark location already exists at 1503 W. Highway J, but that location will be closed, with its five employees being relocated to the new branch at 1301 W. South St., Nitsch said, noting that the current Ozark facility lacks a drive-through and an ATM.

"Access is limited at that location," he said, adding that another four or five employees will be hired for the new Ozark facility, which has a planned opening date of April 15.

The Bank of Missouri also operates a branch at 520 E. Elm St. in Republic.

Liberty Bank entered into a definitive agreement to purchase the ailing Village Bank and its assets in December, according to Springfield Business Journal archives.

The former Village Bank location at 2360 E. Sunshine St. was recently converted into a Liberty Bank branch and opened for business March 28, according to Liberty Bank's Web site.

Liberty Bank President and CEO Gary Metzger could not be reached for comment by deadline.[[In-content Ad]]


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