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Springfield, MO
Mid-Missouri Bank has hired a former employee to lead its Bolivar market.
Gabe Magnuson is the new community president for Mid-Missouri Bank in Bolivar, a role for which he's also responsible for leading the company's efforts in Polk County, according to a news release issued this morning. His appointment to the role is effective today.
“My family and I are grateful for this opportunity to continue moving Mid-Missouri Bank forward in Polk County,” Magnuson said in the release. “Bolivar has always been home for me, and bettering Polk County has always been a personal passion."
Magnuson has served the past four years as a commercial loan officer for The Bank of Missouri, according to his LinkedIn profile. He previously worked more than five years for Mid-Missouri Bank.
“Our bank was founded in Bolivar in 1872, and I began my banking career in Bolivar as well. Polk County has always been a priority for our leadership," said Brian Riedy, CEO and president of Mid-Missouri Bank, in the release. "Gabe Magnuson is the next Bolivar leader in that progression, and we’re excited to have him back with MidMo.”
A wave of affordable housing built in the 1990s through the federal Low-Income Housing Tax Credit are expected to revert to market rate housing in the next few years.