The Bank of Missouri, headquartered in Perryville, MO, has completed its merger with Martinsburg Bank and Trust.
Under the terms of the agreement, Martinsburg Bank and Trust has merged into and become part of The Bank of Missouri.
Both banks are operating under the name of The Bank of Missouri, which is owned by Reliable Community Bancshares, Inc.
The nine former Martinsburg Bank and Trust locations have now officially become branches of The Bank of Missouri and remain located within the Mid-Missouri towns of Mexico, Martinsburg, Wellsville, Montgomery City, Centralia, Hallsville, Vandalia and Columbia.
All former Martinsburg Bank and Trust staff members are now employees of The Bank of Missouri.
With the completion of this transaction, The Bank of Missouri now operates 32 banking locations in 22 Missouri cities across the state, and Reliable Community Bancshares, Inc. has grown its asset size to $1.7 billion.
“We are excited the customers and employees of Martinsburg Bank and Trust are 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.
“Both banks have many similarities, including 125 years of community banking and a strong commitment to serve those communities. The combination of these banking organizations creates a more convenient network for our customers, a stronger presence in central Missouri for The Bank of Missouri, and a broader array of banking products and services to all customers.”
Robert Darr, community bank president for The Bank of Missouri’s central region adds: “This merger provides a bright future for our valued employees and customers. Customers will still experience the same great service. Plus, they can take advantage of expanded locations statewide and still be greeted and served by the same friendly people they know and trust.”