BRANSON MO NEWS: The Bank of Missouri is expected to add nine additional locations in 2018 and expand its banking services further into central Missouri. Officially, Reliable Community Bancshares, Inc., holding company of The Bank of Missouri and headquartered in Perryville, has entered into a definitive agreement for the merger and acquisition of Martinsburg Bancorp, the holding company for Martinsburg Bank and Trust. After this merger, Reliable Community Bancshares will grow its assets to $1.7 billion, and The Bank of Missouri will then operate 32 locations across the state. It is anticipated that the merger will occur in the first quarter of 2018.
“Currently, The Bank of Missouri has one location in Columbia, and we’re thrilled to announce we’re expanding,” said Lauren K. Heuring, Marketing and Communications Manager at the Bank of Missouri. “We have a location on the south side, but now we’re going to have another location on the north side of town. This could potentially give our southeast Missouri customers more opportunities for our same banking services while they are traveling in Columbia and the surrounding communities.”Martinsburg Bank and Trust, headquartered in Mexico, located in Audrain County, has nine locations in central Missouri, including Mexico, Martinsburg, Wellsville, Montgomery City, Centralia, Hallsville, Vandalia, and Columbia. Currently, Martinsburg Bank and Trust is a $200 million asset independent bank with 41 employees. All 41 employees will become part of The Bank of Missouri family, once the merger is complete. “We are excited the customers and employees of Martinsburg Bank and Trust will be joining The Bank of Missouri family, and we look forward to becoming a part of the communities they serve,” said Adrian Breen, CEO of The Bank of Missouri. “The combination of these banking organizations creates a more convenient network for our customers, a stronger presence in central Missouri, and a broader array of …
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