Bolivar-based Farmers State Bank is changing its name with a rebrand set to roll out next week.
Effective Nov. 9, the company is slated to become LimeBank, according to a news release. Officials received Missouri Department of Finance regulatory approvals for the switch.
"We are excited about our new name. It was strategically selected because it is not traditional, and we do not plan to be a traditional bank in the future," said Brandon Fabris, chairman of the bank’s board, in the release. "LimeBank is unique and different, which is what we plan to be as we grow and expand.”
LimeBank President and CEO Thane Kifer said that while ownership, management and employees will remain the same, the bank is introducing new online banking services with the rebranding.
LimeBank has roughly $75 million in assets, according to the release. The company's website lists five branches, most of which are in the Bolivar area. A branch in Schell City is north of El Dorado Springs.
Farmers State Bank in 2018 was sold to Clayton-based Stark Bancshares Inc., according to past reporting. Farmers maintained its status as an independent bank through the deal.
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