Reliable Community Bancshares, Inc., holding company of The Bank of Missouri and headquartered in Perryville, MO, has announced that it 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 operate 32 locations across the state. It is anticipated the merger will occur in the first quarter of 2018.
Martinsburg Bank and Trust, headquartered in Mexico, MO, has nine locations in the central Missouri towns of 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 banking products and services to valued customers.”
Robert Darr, CEO and President of Martinsburg Bank and Trust states, “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, have more ways to make the most of their money, and still be greeted and served by the same friendly faces they know and trust.”
The Bank of Missouri began serving customers in 1891 and currently operates 23 locations – one in Central Missouri, seven in Southwest Missouri (including Springfield and Branson) and 15 in Southeast Missouri. For 125 years, The Bank of Missouri has remained true to its founding values and remains committed to meeting the financial needs of the communities it serves, giving through its resources and associates and providing value to its shareholders. Learn more at The Bank of Missouri’s website and connect with The Bank of Missouri on social media.