What Bank Midwest does

Bank Midwest is a community banking brand operated as a division of NBH Bank, a subsidiary of National Bank Holdings Corporation (NYSE: NBHC), serving retail consumers, small and mid-sized businesses, middle-market companies, specialty industry verticals, and high-net-worth individuals primarily in Kansas and Missouri, with additional presence across Utah, Idaho, Texas, New Mexico, Colorado, and Wyoming. The bank distributes its products through more than 30 physical banking centers plus dedicated mortgage offices, an iOS/Android mobile app, an online banking portal with self-service account opening, and a telephone banking service.

The product platform covers retail deposits (Advantage Checking, Everyday Checking, Student Banking, Everyday Savings, Signature Money Market, CDs, and HSAs), consumer lending (mortgages, home equity lines and term loans, construction loans, auto and RV loans), Visa debit and credit cards (issued through Elan Financial Services), and a full business banking suite including SBA Preferred Lender loans, middle market commercial and industrial lending, treasury solutions (Positive Pay, collections, disbursements), and merchant services. Wealth management and trust services are delivered through the Bank of Jackson Hole Trust subsidiary. The underlying technology stack is standard retail banking infrastructure with third-party integrations for digital wallets (Apple Pay, Google Pay, Samsung Pay, Visa Checkout), Zelle peer-to-peer payments, and anomaly-based fraud detection; no proprietary AI or platform technology is disclosed.

Revenue is generated primarily through net interest income on loans and deposits, supplemented by deposit-account service charges (e.g., $8-$15 monthly fees on checking, savings, and money market accounts, partially waived with balance or activity requirements), HELOC annual fees, mortgage origination fees, credit card interchange via the Elan partnership, and fee-based wealth and treasury services. Go-to-market combines in-person relationship banking at physical centers with digital self-service acquisition and servicing, supported by community-marketing and client testimonial content.

Name

Bank Midwest

Legal name

NBH Bank

Website

https://bankmw.com

Company type

Public

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Bank Midwest is a community bank division of NBH Bank (NYSE: NBHC) offering retail deposits, consumer and commercial lending, SBA, treasury, and wealth services to consumers, SMBs, middle-market firms, and HNW clients across Kansas, Missouri, and six additional western US states.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Credit Cards & Revolving Credit (FSABAAAC), Student & Youth Banking (FSABAAAH)

Keywords

• Retail banking services
• Consumer lending
• Commercial banking
• Wealth management
• Mortgage loans

Headquarters

HQ city

Blue Springs

HQ country

United States

HQ region

North America

Offices29 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue generated from interest earned on loans including mortgages, home equity, auto loans, business loans, and personal loans. Interest is the primary revenue driver for the institution.
2. Checking Account Fees: Monthly service charges on checking accounts including Advantage Checking ($10/month) and Everyday Checking ($8/month), with waivers for meeting balance or deposit requirements.
3. Savings Account Fees: Monthly service charges on savings accounts including Everyday Savings ($5/month) and Signature Money Market ($15/month), with waivers for linked accounts or balance requirements.
4. Home Equity Credit Facility Fees: Annual fee of $50 for home equity lines of credit (waived with automatic payment), plus closing costs and interest on drawn amounts.
5. Credit Card Revenue: Revenue from credit card transactions and interchange fees through Elan Financial Services partnership.
6. Mortgage Origination: Fees earned from originating and closing mortgage loans including conventional, FHA, VA, jumbo, and construction loans.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Bank Midwest operates as a division of NBH Bank, offering a full suite of personal and commercial banking products including deposit accounts (checking, savings, money market, CDs, HSAs), consumer and commercial lending (mortgages, home equity, construction, auto, SBA, middle market, specialty), debit and credit cards, digital banking, treasury management, merchant services, and wealth management/private banking through the Bank of Jackson Hole Trust division. The bank serves retail consumers, small businesses, middle market companies, specialty industry verticals, and high-net-worth clients across Kansas, Missouri, and surrounding states.

Product overview

Bank Midwest operates as a division of NBH Bank offering a comprehensive retail and commercial banking platform with three main service lines: Personal Banking, Business Banking, and Wealth/Private Banking. The Personal Banking suite includes deposit products (Advantage Checking, Everyday Checking, Student Banking, Savings, Money Market, CDs, and HSAs), card products (Visa Debit and Credit Cards), digital banking (Online & Mobile Banking with digital wallet integrations), and lending (Mortgages, Home Equity, Construction, and Auto Loans). Business Banking encompasses Business Checking and Savings, SBA and Middle Market Loans, Specialty Banking for industry verticals, Treasury Solutions, and Merchant Services. Wealth Management services are provided through Bank of Jackson Hole Trust division, offering investment management, trust administration, and estate planning. The architecture is a unified banking platform with specialized divisions for different market segments rather than a modular software product.

Differentiator

Problem solved

Functional benefit

Products and services

• Advantage Checking High-yield personal checking account offering up to 4.33% APY on balances up to $35,000 with requirements including online statements, $1,000 minimum daily balance, and 20+ debit card purchases per statement cycle. Designed for individuals seeking higher returns on checking balances.
• Everyday Checking Basic personal checking account designed for customers who primarily bank online or through the mobile app. Features $25 minimum to open and a $8 monthly service charge that can be waived with qualifying deposits, balance, or age conditions.
• Student Banking Banking solutions for students age 25 and under, including Everyday Checking with no monthly service fee, ATM access, online and mobile banking, and Mobile Deposit.
• Savings Accounts Tiered interest rate savings accounts including Everyday Savings with unlimited withdrawals/transfers, $25 minimum to open, and waivable monthly service charge.
• Money Market & CDs Interest-earning savings options including Signature Money Market account with check-writing privileges and CDs with terms ranging from 9 to 42 months. FDIC insured up to $250,000.
• Health Savings Accounts (HSA) Tax-advantaged savings accounts for individuals with high-deductible health plans (HDHP), offering triple tax benefits: tax-deferred contributions, tax-deferred growth, and tax-exempt distributions for qualified medical expenses.
• Debit & Credit Cards Visa debit cards accepted at 35+ million merchants worldwide featuring chip technology, mobile wallet compatibility, and Zero Liability protection. Credit cards issued through Elan Financial Services include the Reserve Rewards+ metal card.
• Online & Mobile Banking Digital banking platform enabling 24/7 account access, mobile deposits, fund transfers, bill pay, Zelle payments, and card controls including freeze/unfreeze functionality. Available via apps for iOS and Android.
• Mortgage Loans Comprehensive mortgage solutions including Conventional, FHA, VA, Jumbo, First-time Homebuyer, Adjustable Rate Mortgage, Home Equity, and Construction Loan products. Features dedicated Mortgage Bankers and streamlined approval process.
• Home Equity Loans & Lines of Credit Home equity financing options including term loans (lump sum) and lines of credit (reusable access). HELOC features introductory rate of 5.49% APR for first 6 months on lines up to $250,000. Bank pays up to $500 in closing costs.
• Construction Loans Financing for home construction with funds disbursed as construction milestones are completed. Includes Construction to Permanent Loans combining construction and permanent financing with single closing and rate lock.
• Auto & Recreational Vehicle Loans Vehicle financing for new or used automobiles and RVs with loan amounts starting at $1,000, terms up to 72 months, and fast approvals, available through local banking centers.
• Business Checking Business deposit accounts including Everyday Business Checking, Small Business Interest Checking, and Business Plus Checking, each designed for different business sizes and banking needs.
• Business Savings Business savings options including Small Business Savings, Signature Business Money Market, Small Business Select Money Market, and Certificates of Deposit with various tier and term options.
• SBA Loans Small Business Administration financing solutions with SBA Preferred Lender designation, the highest designation awarded by the SBA. Offers wide variety of SBA loan products for businesses not fitting conventional financing criteria.
• Middle Market Banking Commercial banking services including Commercial & Industrial Loans, Term Loans, Equipment Loans, Business Acquisition financing, Working Capital lines of credit, and Commercial Real Estate loans.
• Specialty Banking Industry-specific banking solutions covering Capital Finance & ABL, Food & Agribusiness, Government & Nonprofit, Healthcare, Practice Management, Franchise Finance, and Equipment & Transportation sectors.
• Treasury Solutions Business cash management services including Collections, Disbursements, Fraud Prevention (Positive Pay), and Funds Management to help businesses optimize cash flow and liquidity.
• Merchant Services Payment processing solutions for businesses to accept card transactions and digital payments.
• Premier & Private Client Services Elevated banking experience for high-net-worth clients with preferred rates, rate discounts on mortgages and home equity, fee reductions, exclusive premium metal credit card access, higher daily limits, and complimentary services including wires and checks.
• Wealth Management Investment management and fiduciary services provided by Bank of Jackson Hole Trust division, covering dynamic asset allocation, customized planning, and transparent communications for individuals, trusts, endowments, and retirement accounts.
• Trust & Estate Administration Trust and estate planning services with ability to establish trusts in multiple states including Wyoming, leveraging favorable tax, trust perpetuity, and privacy laws.
• Digital Payments & Transfers Comprehensive digital payment options including digital wallets (Apple Pay, Google Pay, Samsung Pay), Visa Checkout, Bill Pay, Zelle P2P transfers, and wire transfer capabilities.
• Overdraft Protection Overdraft services including Overdraft Privilege (discretionary coverage with $35 fee), Overdraft Protection Transfer Service linking to other accounts, and Ready Cash Reserve line of credit.
• Quick Pay Your Loan Free online payment service enabling one-time or recurring loan payments from any checking or savings account, processed same business day. Includes phone payment option.

Quantifiable outcome

• Up to 4.33% APY on Advantage Checking balances up to $35,000
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability1 record

Feature5 records

Partnerships

One partnership is on record.

• NBH BankcoreOthersBank Midwest operates as a division of NBH Bank, which is a subsidiary of National Bank Holdings Corporation (NYSE: NBHC). NBH Bank operates multiple trade names across multiple states including Utah, Idaho, Texas, New Mexico, Colorado, Kansas, Missouri, and Wyoming.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• First Horizon Bank: First Horizon is a larger regional bank with consumer, business, and wealth management services across the Southeast and Texas. Comparable product set but broader geographic scope and larger scale than Bank Midwest.

Direct peers

• Country Club Bank: Country Club Bank is a Kansas City-based community bank with similar consumer and business banking offerings, including SBA lending and wealth management. Direct local competitor in the Kansas City metro.
• Old National Bank: Old National Bank is a regional community bank with operations across multiple Midwestern and Southern states, offering consumer, business, and wealth management services comparable to Bank Midwest's product suite.
• Glacier Bancorp: Glacier Bancorp is a regional community bank holding company operating across multiple Western and Midwestern states via community bank subsidiaries, with comparable consumer, business, and lending products.
• First Interstate BancSystem: First Interstate is a community bank holding company operating across multiple Western and Midwestern states, with comparable consumer and business banking offerings, including SBA lending and wealth management.
• NBH Bank: NBH Bank is the parent operating bank of which Bank Midwest is a division. Directly comparable as the same legal entity operating under multiple trade names across multiple states, offering the same banking products and services.
• Heartland Financial USA / Veritex Community Bank: Heartland Financial (now Veritex Community Bank following merger) is a multi-state community bank with similar consumer, business, and specialty banking offerings across Midwest and Western states, comparable in scale and product scope.
• UMB Financial Corporation: UMB is a Kansas City-based regional bank holding company with comparable consumer and commercial banking offerings, treasury management, and wealth management services, directly competing in Bank Midwest's core Kansas City market.
• Simmons Bank: Simmons First National Corporation operates Simmons Bank as a regional community bank across multiple states, offering comparable consumer, business, and specialty banking products. Similar size and multi-state regional bank profile.
• Commerce Bancshares: Commerce Bank is a Kansas City-based regional bank with consumer, business, and wealth management services and a similar community banking philosophy. Direct competitor in the Kansas City metro and Missouri markets.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bank-midwest-a-division-of-nbh-bank-n-a-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

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 Bank Midwest