The Bank of Missouri was named in the top 20 banks in agricultural lending for 2020 by the Independent Community Bankers Association.
The bank, headquartered in Perryville with local branches in …
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The Bank of Missouri was named in the top 20 banks in agricultural lending for 2020 by the Independent Community Bankers Association.
The bank, headquartered in Perryville with local branches in Montgomery City, Wellsville, Martinsburg and Mexico, was ranked 18th in the list recognizing the best agricultural lenders with more than $1 billion in assets.
“The Bank of Missouri has the expertise and tools, including fixed rate options, to serve farming operations of all types,” said Shanda Nichols, commercial loan officer for The Bank of Missouri. “Our ability to make local decisions provides farmers with quick responses they need and deserve. Agriculture is an integral part of the communities we serve and we are dedicated to ensure all of the financial needs are met for this industry.”
The ICBA’s Top Lenders 2021 demonstrates the strength of the community bank business model as a pathway for success as agricultural, commercial, and consumer and mortgage lenders. It showcases the importance of their sound and efficient banking practices and their local knowledge and expertise in adapting to shifting market dynamics and evolving customer needs.
The annual list is based on the strength of competitive banking services and operational efficiencies using FDIC data for 2020.
The Bank of Missouri was the only bank in central Missouri to be recognized in its lending category. Other banks in the list represented Iowa, South Dakota, Illinois, Montana, California, Arkansas, Wisconsin, Mississippi, North Carolina, North Dakota and Wyoming.
