YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The Bank of Missouri hired the leader of a commercial bank with $3 billion in assets to become its next CEO.
The Perryville-based banking company with a large presence in Springfield and southwest Missouri brought on Adrian Breen, who worked the last three-and-a-half years as president and CEO of Omaha, Nebraska-based American National Bank. The Nebraska company has 500 employees staffing 37 branches in three states, according to a news release.
At Bank of Missouri, Breen succeeds 20-year CEO David Crader, who’s moving into the new role of executive chairman. He’ll stay president of Bank of Missouri parent company Reliable Community Bancshares Inc. Crader will focus on acquisitions and partnerships, as well as capital planning and management. The changes took effect yesterday.
“I feel I have accomplished the major goals I originally set out to do when I stepped into this position 20 years ago,” Crader said in the release. “Through the help of the entire team, The Bank of Missouri has expanded into 15 cities, and we will soon be adding three new locations.
“I am ready to shift into focusing solely on the bank’s strategic growth and having the flexibility to spend more time with my family.”
The Bank of Missouri ranked 20th on Springfield Business Journal’s 2016 list of the area’s largest banks and savings banks with local deposits of roughly $140.5 million. Company officials reported total 2016 assets of $307.7 million, net loans of $250.4 million and net operating income of $1.3 million, according to the list.
The company operates three branches in Springfield and one each in Republic, Ozark, Branson and Nixa.
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A relocation to Nixa from Republic and a rebranding occurred for Aspen Elevated Health; Kuick Noodles LLC opened; and Phelps County Bank launched a new southwest Springfield branch.
