Midwest Regional Bank

What Midwest Regional Bank does

Midwest Regional Bank is a Missouri state-chartered, FDIC-insured full-service community bank operating under the holding company Midwest Regional Bancorp, Inc. Founded in 1894 as The Bank of Otterville and reorganized into its current form in 2006, the bank today holds over $1 billion in assets and employs between 101 and 250 people. Its primary charter is retail and commercial community banking through seven Missouri branch locations (Festus, Arnold, Chesterfield, Sunset Hills, Clayton, Kirkwood, and Otterville), supplemented by seven SBA/Commercial lending offices across Arizona, Colorado, Florida, North Carolina, South Carolina, Tennessee, and Texas. The bank has grown to rank as one of the largest SBA lenders in Missouri, with SBA 7(a) loans available up to $5 million.

The bank's core product set spans Personal Banking (checking, savings, IRAs, CDs, credit cards, online and mobile banking) and Business Banking (business checking, treasury services, commercial loans, SBA loans, merchant services, and cash management). Its technology stack is built on conventional digital banking infrastructure rather than proprietary AI or platform innovation, including an online banking portal, a mobile app on Apple App Store and Google Play with mobile deposit and PopMoney P2P transfers, Notifi real-time alerts for both retail and business segments, MasterCard-branded credit cards with SecureCode, and free access to over 32,000 MoneyPass ATMs nationwide. The bank is a member of the Independent Community Bankers of America, holds FDIC insurance, and has partnered with AudioEye for website accessibility.

Revenue is generated primarily through net interest income on its commercial, SBA, real estate, consumer, and credit-card loan portfolio, supplemented by transaction and account fees on deposit products (Progress Checking, Tradition Checking, Progress NOW Checking, Money Market, Tradition Savings, Christmas Club) and bundled business checking with treasury services. The business model relies on a sales-led GTM with local decision-making and personalized service as the primary differentiator versus large national banks and online lenders; pricing is not publicly disclosed but tiered by account type with monthly subscription-style maintenance structures. Customer concentration is distributed across retail consumers, small-to-mid-sized businesses, and a secondary agricultural banking segment, with no single customer or anchor account disclosed.

Name

Midwest Regional Bank

Legal name

Midwest Regional Bancorp, Inc.

Website

https://mwrbank.com

Company type

Private

Founded year

1894

Operating status

Operating

Headcount range

101–250 employees

Short description

Midwest Regional Bank is a Missouri-chartered, FDIC-insured community bank with over $1 billion in assets, serving retail consumers, small-to-mid-sized businesses, and agricultural clients across seven Missouri branches and a seven-state SBA and commercial lending footprint.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro industry

PRIMARYFSABAAAA

Mass-Market Consumer Deposit Banking (Checking/Savings)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

SECONDARYFSABAAAB

Retail Lending (Personal Loans, Auto, Credit Lines)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

SECONDARYFSABAAAC

Credit Cards & Revolving Credit

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

SECONDARYFSABAAAL

Financial Inclusion & Basic Banking (Unbanked/Underbanked, Low-Fee Accounts)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

Keywords

• Retail banking services
• Commercial lending
• SBA loans
• Community banking
• Treasury services

Headquarters

HQ city

Festus

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Interest earned on loan portfolio including commercial loans, SBA loans, real estate loans, consumer loans, and credit cards.
2. Deposit Services: Fees from checking and savings accounts including monthly maintenance fees, minimum balance fees, and transaction fees.
3. Treasury Services: Cash management services including remote deposit, ACH origination, lockbox services, merchant services, and security tokens for business customers.
4. Credit Card Services: Credit card interchange fees and annual fees on preferred rewards cards.
5. SBA/Commercial Lending: SBA 7(a) loans and commercial loans generating interest income and origination fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Midwest Regional Bank is a full-service community bank providing retail and commercial banking products. Consumer offerings include checking, savings, IRAs, CDs, personal credit cards, online banking, mobile banking, and bill pay. Business offerings include business checking, treasury and cash management services, SBA and commercial loans up to $5 million, and business credit cards. Customers access services through 7 Missouri branches, 7 multi-state SBA lending offices, a mobile app, online banking, and over 32,000 MoneyPass ATMs.

Product overview

Midwest Regional Bank is a Missouri state-chartered, full-service bank providing products and services to retail, commercial, and agricultural markets. The bank operates as a single unified banking platform offering Personal Banking products (checking accounts, savings accounts, IRAs, CDs, credit cards) alongside Business Banking products (business checking, treasury services, commercial loans, SBA loans, business credit cards, merchant services). Digital access is provided through Online Banking and a Mobile App. All products share access to shared infrastructure including the MoneyPass ATM network, Notifi Alerts for account monitoring, and Online Bill Pay.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Consumer checking accounts available in three tiers (Progress Checking, Tradition Checking, Progress NOW Checking) with features such as free online banking, free mobile app, free MoneyPass ATM access, free bill pay, and interest earnings on qualifying balances.
• Savings Accounts and Money Market Consumer savings products designed to help individuals accumulate funds, including a traditional statement savings account, a Christmas Club seasonal savings account, and a money market account with limited check-writing privileges and competitive interest rates.
• Individual Retirement Accounts (IRAs) Retirement savings accounts for individuals, providing tax-advantaged long-term savings.
• Certificates of Deposit (CDs) Term deposit products offering fixed interest rates for a specified term, providing individuals with predictable returns on savings.
• Personal Credit Cards Mastercard credit cards for personal use, including a low-rate card and a Preferred Points rewards card, with 24/7 online account access and SecureCode fraud protection at participating retailers.
• MWRBank Mobile Banking App A free mobile banking application available on iOS and Android that allows customers to access accounts, view balances, deposit checks via mobile capture, pay bills, and make PopMoney person-to-person transfers.
• Online Banking Platform 24/7 internet banking platform for personal and business customers with account access, online bill pay, fund transfers, and loan payments via the bank's website.
• Business Checking Accounts Business deposit accounts for small to mid-sized businesses offering transaction allowances, remote deposit, ACH origination, wallet checks, e-statements, and onsite training as part of a bundled option.
• SBA 7(a) and Commercial Loans SBA 7(a) loans and commercial loan products for small to mid-sized businesses with loan amounts up to $5 million, supported by dedicated SBA and commercial lending officers across multiple states.
• Treasury Services Cash management services for business customers including remote deposit capture, ACH origination, lockbox services, merchant services, and security tokens for fraud protection.
• Business Credit Cards Business credit cards offered to commercial customers for purchasing and expense management.

Quantifiable outcome

• Consistently ranked as one of the largest SBA lenders in Missouri and climbing national rankings
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• MoneyPasscoreTechnology or IntegrationStrategic partnership providing free access to over 32,000 MoneyPass ATMs nationwide, enabling customers to access cash without surcharge fees at participating financial institutions.
• MastercardcoreTechnology or IntegrationCredit card processing and payment network partnership providing Mastercard credit cards including low-rate cards and preferred points rewards cards, with security features including MasterCard SecureCode.
• FDICcoreOthersFederal Deposit Insurance Corporation providing deposit insurance up to $250,000 per depositor, per insured bank, for each account ownership category.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Simmons First National Corp: Simmons First National is an Arkansas-based regional bank holding company with multi-state community and commercial banking operations. It is a broader incumbent peer competing with Midwest Regional Bank in several Sun Belt SBA and commercial lending markets.
• Wintrust Financial: Wintrust Financial is a Chicago-based community-focused bank holding company that operates a multi-state network of community banks and specialty lending units. Its specialty finance businesses are a partial comparable to Midwest Regional Bank's SBA franchise.
• Old National Bancorp: Old National Bancorp is a large regional bank holding company operating across the Midwest and Mid-Atlantic. It competes with Midwest Regional Bank in retail and commercial banking but offers a much broader product set, larger balance sheet, and digital platform.

Direct peers

• Great Southern Bancorp: Great Southern Bancorp is a Springfield, Missouri-based bank holding company with a community banking model and commercial/SBA lending focus. It competes directly with Midwest Regional Bank across the Missouri footprint and has a similar small-cap, private-ish operating profile.
• Equity Bancshares: Equity Bancshares is a Kansas-based community bank holding company with a multi-state footprint across the Midwest and Sun Belt. It mirrors Midwest Regional Bank's profile of a $1B+ asset community bank pursuing in-market and adjacent-state expansion through M&A.
• QCR Holdings: QCR Holdings is a Midwestern community bank holding company operating in Illinois, Iowa, Missouri, and Wisconsin. It is a similar-sized peer ($1B+ asset community bank) with a comparable mix of retail, commercial, and SBA lending.
• Live Oak Banking Company: Live Oak is a publicly traded bank holding company specializing in SBA lending nationwide, headquartered in North Carolina. It is the most direct comparable to Midwest Regional Bank's SBA franchise, competing head-to-head in many of the same 7(a) markets including Florida, Texas, the Carolinas, and Colorado.
• Commerce Bancshares: Commerce Bancshares is the largest Missouri-based bank holding company (parent of Commerce Bank) and operates a multi-state community and commercial banking model. It is a direct in-state competitor in the St. Louis and Kansas City markets that Midwest Regional Bank serves.
• First Mid Bancshares: First Mid Bancshares is an Illinois-based community bank holding company offering retail, commercial, and SBA-style lending in the Midwest. It is a comparable mid-sized community bank peer with similar deposit-funded lending and relationship-driven commercial banking model.

Emerging players

• Newtek Business Services: Newtek is an SBA-focused non-bank lender and business services company. It competes with Midwest Regional Bank for SBA 7(a) originations in several of the same states and is a meaningful emerging competitor in the SBA origination space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mwrbank
• Facebookfacebook.com/MWRBank
• LinkedInlinkedin.com/company/midwest-regional-bank
• Instagraminstagram.com/mwrbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Midwest Regional Bank