Phelps County Bank opens new branch in southwest Springfield

Phelps County Bank is now operational at its new southwest Springfield branch. The company’s first day open at the 1770 W. Sunset St. building it purchased earlier this year was April 17.

A grand opening event is scheduled May 16 with a ribbon-cutting ceremony, according to a news release. The 18-employee location is led by branch manager Shawn Means.

"We are thrilled to open our second Springfield location within a year and anticipate further growth in the market," said Dominic DeLuca, CEO of Phelps County Bank, in the release. "We will continue seeking opportunities to enhance access for our customers."

Phelps County Bank purchased the Sunset Street building for undisclosed terms in January, according to past Springfield Business Journal reporting. It previously was owned and operated by BluCurrent Credit Union, which last year opened a new operations center at 4520 S. National Ave.

The new Phelps County Bank, at the southeast corner of Sunset and Kansas Expressway, has a multilane drive-thru, ATM and retail banking that includes a lending center, according to the release.

Phelps County Bank now has six branches, including its two in Springfield. Locally, the company is led by Casey Pyle, market executive and senior vice president in Springfield for Phelps County Bank.

One of the Springfield branches is a temporary space at 334 E. Walnut St. in which the company has operated amid renovations to the former Ozarks Regional YMCA building at 417 S. Jefferson Ave. Phelps County Bank, which is based in Rolla, in 2023 purchased the former YMCA building.

"By year-end, we aim for renovations to be near completion on the historic downtown YMCA building, which will offer a full-service banking center and serve as our market headquarters," DeLuca said in the release.

Phelps County Bank officials previously pointed to a goal of being operational in the YMCA building by mid-2026.