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Veteran banker opens The Bank of Missouri branch in Springfield

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Community Bank President Mick Nitsch opened The Bank of Missouri on Sept. 12 in Springfield. He’s operating from the first of two temporary locations, and he said his branch would move into its permanent home by the end of 2007.

Nitsch has been with Union Planters Bank and Regions Bank for 23 years, most recently as community bank president for Regions Bank in Springfield. He’s the only The Bank of Missouri loan officer, working from shared office space at 2772 S. Campbell Ave., Incredible Pizza Co.’s corporate office.

Regions Bank hired Mark McFatridge on Sept. 1 to succeed Nitsch.

By November, Nitsch plans to have six employees and a second temporary location at 1602 E. Republic Road in French Quarter Plaza. That location will add savings and checking services.

Nitsch is still selecting the site for a permanent, full-service facility, but he said it would be in southern Springfield. He expects construction to begin in six to nine months.

The Bank of Missouri is based in Perryville in eastern Missouri. It has two Perryville branches, with three in Cape Girardeau and one each in Jackson, Marble Hill and Columbia. A second branch in Jackson will open in early 2007.

See SBJ’s Sept. 18 issue for more on this story.

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