Lenders
Mid-Missouri Bank
Mid-Missouri Bank is a community bank serving southwest Missouri and the Ozarks, with personal, business, and commercial banking under one roof. Its commercial real estate lending covers the purchase, refinance, or construction of commercial property, for owner-occupied and investment use alike.
Repayment terms are described as customised to the business, and the bank stresses local decision-making and processing by lenders who work the southwest Missouri market. Other business lending includes Small Business Administration loans, working capital loans, and floor plan lines of credit, alongside business checking, savings, money market, and CD accounts, merchant card services, and remote deposit capture.
The bank was chartered in 1872 and now runs 13 locations across 10 southwest Missouri communities, including Springfield, Joplin, Webb City, Lebanon, Bolivar, El Dorado Springs, Mt. Vernon, Republic, Stockton, and Willard, plus a Richland office for insurance only. Mid-Missouri Insurance Agency operates from several of those branches. Online and mobile banking include mobile deposit with a $5,000 per-deposit limit.
Nothing about loan minimums, recourse, rate structure, or cash-out policy is published, so those have to be established with a lender directly. There is also no published statement that the bank lends on manufactured housing communities, RV parks, or self-storage specifically.
Best for
Southwest Missouri owner-occupants and investors who want a local bank for a purchase, refinance, or construction loan on commercial property. Not a fit for borrowers outside the Ozarks footprint or for multi-state portfolio debt.
What they do
- Commercial real estate purchase and refinance loans
- Commercial construction loans
- Small Business Administration (SBA) loans
- Working capital loans
- Floor plan lines of credit
- Business checking, savings, and money market accounts
- Merchant card services
- Remote deposit capture
- Insurance through Mid-Missouri Insurance Agency
Details
| Attribute | Value |
|---|---|
| Founded | 1872 |
| Other offices | Bolivar, MO, El Dorado Springs, MO, Joplin, MO, Webb City, MO, Lebanon, MO, Mt. Vernon, MO, Republic, MO, Stockton, MO, Willard, MO, Richland, MO |
| Lender type | Bank, Portfolio |
What stands out
- Chartered in 1872 and operating 13 locations across 10 southwest Missouri communities.
- Commercial real estate loans cover purchase, refinance, and construction for owner-occupied or investment property.
- States that credit decisions and processing are made locally.
- Runs an insurance agency from several branches, including a Richland office that is insurance only.
- Mobile deposit is free for checking customers, with deposits up to $5,000.