Regional president exits Bank of Missouri

Mick Nitsch, regional bank president at The Bank of Missouri, has left his post.

Dawn Dauer, the company’s chief banking officer, confirmed in an email yesterday that Nitsch is no longer working for the bank, but she declined to comment on when and why he left. Nitsch was employed with The Bank of Missouri for 14 years, according to his LinkedIn profile.

Nitsch did not return requests for comment by deadline.

Nitsch was listed as the bank’s executive officer in Springfield Business Journal’s recent list of the area’s largest U.S. Small Business Administration lenders, which was published in the March 9 issue. Dauer said Nitsch was still in his role at the time of publication. However, Nitsch’s LinkedIn account indicates he exited in February.

According to his LinkedIn page, Nitsch served as regional president at The Bank of Missouri for one year, and before that, he was the company’s community bank president for 13 years. He also has served as regional bank president at Regions Bank for 22 years.

Dauer, who lives in Cape Girardeau, said she is serving as the interim regional president and declined to say whether a search is underway for Nitsch’s successor.

“At this time, we have a great team in place and we are in the midst of an acquisition with Bank of Bolivar. Because of this, we are looking at everything to make the right decisions for our team,” Dauer said via email.

In February, The Bank of Missouri’s parent company, Reliable Community Bancshares Inc., finalized its purchase of Bank of Bolivar operator Bolivar Bancshares Inc. Through the purchase, Reliable Community Bancshares assumed Bank of Bolivar’s $300 million in assets and six branches, which put The Bank of Missouri’s assets above $2 billion, according to past SBJ reporting.