Taking possession of their new, modern and energy-efficient headquarters at 1615 E. Independence in late September of 2020 and quickly opening the first-floor full service banking center to the public just weeks later on October 8th, leaders at Mid-Missouri Bank met internal goals and completed a long sprint to open the new operations facility in early fall.
MidMoBank CEO and President Brian Riedy says, “2020 threw most of us some curveballs, yet we stayed committed to meeting our promises on the new Springfield facility
and our local partners delivered under heavy pressure like we knew they would. We kept moving and adapted to change as rapidly as it came.”
Mid-Missouri Bank is seeing strong growth in all 10 communities and at all 13 brick-and-mortar locations it calls home throughout Southwest Missouri, despite pandemic-related challenges.
“We set some aggressive deposit and loan growth goals with our 2020 strategy and those goals were set before the pandemic hit”, says MidMoBank COO and General Counsel, Michael Miller. “Not only did we reach those goals, we exceeded them by a healthy margin. To do that in semi-lockdown conditions really gives us confidence that our ever-improving community bank model is still going in the right direction.”
Mid-Missouri Bank is passionate about what they call the “personalized experience” in financial consultation. Simply put, it means banking the way you prefer to bank. That includes not only all of the newest and most buzz-worthy evolutions of financial services but also the tried and true amenities many long-time community members know and prefer—drive-thrus at all locations, the best tech, accounts that pay customers back each cycle for their spending activity, Saturday lobby hours, phones answered by local experts and so much more.
Mid-Missouri Bank’s Chief Information Officer, John Darrow, says the ongoing improvement of devices plus the technology and security that powers them “means bank leaders must stay vigilant in identifying and implementing what customers want. Our bank turns 150 years old in 2022. We’re proud of our heritage, and we rely on much of the wisdom gained in those years, but our daily focus is on the future.”
With such rapid growth happening at the bank during a time when so much about the immediate future is harder to predict, Mid-Missouri Bank is concentrating on expanding existing relationships and winning new opportunities while continuing to monitor and evaluate developments in the COVID-19 vaccine distribution to the general public. Also important will be any government actions taken to aid in the recovery, both through small business loans as well as personal stimulus checks.
“We’re anxious to get back to business-as-usual, and we’re motivated by what we’ve accomplished during the quarantine.” says Justin Wagner, Chief Lending Officer for MidMoBank. “We have to ensure that we’re putting our customers, community members and team members first as we look to life and work in the Ozarks post-coronavirus.”
“Supporting the economic health of the area is a crucial role we’ve filled throughout the 149-year history of our bank,” continued Riedy. “Serving the families and businesses of Southwest Missouri is what we’ve always done, and it’s what we will continue to do for another 150 years and beyond.”
Steve Childers to lead city’s key growth initiatives, including Forward SGF.