First Midwest Bank (Missouri)

What First Midwest Bank (Missouri) does

First Midwest Bank is a privately held, family-owned community bank group headquartered in Poplar Bluff, Missouri, operating under the Midwest Bancorporation holding company. Founded in 1964, the bank runs 19 branches across Southeast and Central Missouri, including locations in Cape Girardeau, Columbia, Dexter, Jackson, Poplar Bluff, Sikeston, Springfield, and smaller rural communities such as Piedmont, Puxico, Van Buren, Williamsville, and Greenville. It is FDIC-insured and state-chartered in Missouri, with assets exceeding $1.3 billion at the holding-company level as of early 2026. The bank's GTM combines a traditional community-led branch model with direct-to-consumer digital channels; it serves personal banking consumers, small-to-medium businesses, and agricultural operations across more than 75 communities.

The core product set spans deposit products (checking, savings, money market, CDs), consumer and mortgage lending, commercial and SBA loans, agricultural loans, lines of credit, credit cards, and investment services offered through partnership. Digital delivery is built on third-party platforms — Unifi Digital Banking for online portals across three regional instances (Dexter, Columbia, Ozarks), iOS/Android mobile apps (FMB Dexter, FMB Ozarks), and ProfitStars SmartPay for loan servicing — with a Greenlight partnership adding family-focused debit cards. Proprietary technology is limited to the customer-facing applications layered on top of these vendor platforms; the differentiation is in local decision-making and branch-driven service rather than in-house tech. No AI/ML capabilities, patents, or proprietary models are disclosed.

The revenue model is a classic community bank NIM engine: net interest income on the lending portfolio (consumer, mortgage, commercial, SBA, agricultural) is the primary stream, supplemented by transaction-based fee income from deposit services, credit cards, and digital banking, plus referral-based investment services. Headcount sits at 101–250 employees, and the customer base spans 2,200+ supported businesses and 120,000+ new loans originated. Recent leadership moves in January 2026 (promotion of Chris Guethle to Chief Credit Officer, Brett Dorton to Dexter Community President) and a new headquarters announcement in April 2026 indicate organizational consolidation and infrastructure reinvestment rather than aggressive expansion.

Name

First Midwest Bank (Missouri)

Legal name

First Midwest Bank

Website

https://onemidwest.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

101–250 employees

Short description

First Midwest Bank is a privately held, family-owned community bank operating 19 branches across Missouri under Midwest Bancorporation, with over $1.3 billion in assets serving personal, small business, and agricultural customers through deposit products, lending, and digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking
• Consumer lending
• Commercial lending
• Agricultural banking
• Digital banking

Headquarters

HQ city

Poplar Bluff

HQ country

United States

HQ region

North America

Offices19 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: Interest earned on loans including commercial loans, consumer loans, mortgages, home loans, agricultural loans, and SBA loans. Primary revenue stream from net interest margin on lending portfolio.
2. Deposit Services: Interest paid to depositors on checking, savings, money market accounts, and certificates of deposit. Fee income from various account services.
3. Fee-Based Services: Non-interest income from fees including credit cards, business solutions, loan servicing, and digital banking services.
4. Investment Services: Investment services offered through partnership for personal and business customers including retirement planning and wealth management referrals.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

First Midwest Bank (Missouri) is a family-owned community bank that provides traditional banking products and lending services to individuals, families, businesses, and agricultural operations across Southeast Missouri and surrounding regions. The bank operates 19 branch locations and delivers deposit accounts (checking, savings, money market, CDs), consumer and mortgage loans, commercial and SBA lending, agricultural financing, credit cards, and investment services, supported by online and mobile banking platforms.

Product overview

First Midwest Bank is a community bank offering a comprehensive suite of personal and business banking products and services. The bank's offerings include deposit products (checking, savings, money market accounts, and certificates of deposit), lending solutions (consumer loans, home loans, mortgages, commercial loans, SBA loans, agricultural loans, and lines of credit), credit cards, and investment services. Digital banking capabilities include online banking, mobile banking apps for iOS and Android, and budgeting tools. The bank also partners with Greenlight for family banking solutions with debit cards for children, and uses ProfitStars for loan payment processing. Business banking includes specialized services for commercial, agricultural, and small business clients including SBA loans. The bank operates 19 locations across Missouri.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking accounts designed to simplify everyday finances with banking services tailored to individual life stages; offered as a core personal banking product across all Missouri branches.
• Savings Accounts Savings accounts for starting or continuing a savings journey, helping customers build emergency funds and achieve financial goals.
• Money Market Accounts Interest-bearing accounts that offer competitive rates while providing access to funds through limited transfers and withdrawals.
• Certificates of Deposit (CDs) Time deposits with fixed terms and guaranteed returns for customers seeking stable, low-risk growth for their savings.
• Personal Credit Cards Personal credit card products for everyday spending, rewards, and building credit history.
• Consumer Loans Personal loans including auto loans, RV loans, and general consumer financing for both planned big purchases and unplanned expenses.
• Home Loans Home financing options including purchase loans and refinancing solutions to meet various budgets and needs.
• Mortgage Loans Long-term mortgage financing for home purchases with various term options and competitive rates.
• Investment Services Financial planning and investment services for retirement and long-term wealth building, including IRAs and retirement accounts.
• Business Checking Business checking accounts offering convenience and perks tailored for businesses of all sizes, with tools to manage cash flow and operations.
• Business Solutions Tools and services to improve business efficiency and streamline operations, including merchant services and cash management.
• Business Credit Cards Business credit card products for commercial spending, working capital needs, and credit-building for businesses.
• Commercial Loans Financing solutions for starting or growing businesses, including term loans and equipment financing.
• Lines of Credit Flexible business financing that allows companies to access funds as needed up to a set limit.
• SBA Loans Small Business Administration loans providing funding for equipment, working capital, and business expansion with government-backed guarantees.
• Agricultural Loans Specialized financing options designed for farming and ag-related businesses, including operating loans, equipment financing, and farm-related credit needs.
• Online Banking 24/7 web-based access to accounts for viewing balances, transactions, bill payment, fund transfers, and budgeting tools, delivered via three regional Unifi-powered online banking portals (Dexter, Columbia, Ozarks).
• Mobile Banking Smartphone and tablet banking app enabling users to securely pay bills, transfer funds, deposit checks, and manage finances on the go via FMB Dexter Mobile Banking and FMB Ozarks Mobile Banking apps for iOS and Android.
• Loan Payment Portal (ProfitStars SmartPay) Secure online portal for making one-time or scheduled loan payments, viewing payment history, and setting up automatic recurring payments, powered by ProfitStars SmartPay.
• Greenlight Family Banking Family-focused debit card and educational app for children's financial literacy and parental controls, offered in partnership with Greenlight and integrated with First Midwest Bank's personal banking services.

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

Feature4 records

Partnerships

One partnership is on record.

• GreenlightcoreStrategic or Co-development PartnerPartnership offering Greenlight family-focused debit card and financial education app. Helps children develop saving habits and financial literacy through an easy-to-use, family-friendly debit card and app. Integrated with First Midwest Bank's personal banking offerings for families.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Commerce Bank: Larger Missouri-headquartered commercial/retail bank with overlapping personal and business banking products, but operating at significantly greater scale and geographic breadth than First Midwest Bank.
• Regions Bank: Large regional bank with significant Missouri branch presence offering competing personal, small-business, and ag lending products to First Midwest's segments.

Direct peers

• Academy Bank: Mid-size community bank with retail and small-business banking model; in-store branch presence (including Walmart) parallels First Midwest Bank's Poplar Bluff Walmart branch strategy.
• Hawthorn Bancshares: Family-owned Missouri community bank holding company operating across central and western Missouri with similar deposit/lending mix and rural community-banking positioning.
• Bank of Missouri: Mid-size Missouri community bank offering personal, business, and mortgage banking with similar community-bank model and statewide branch presence.
• Equity Bank: Mid-size community bank operating across the Midwest/Kansas City region offering comparable deposit, lending, and ag-focused products with similar family/banker ownership structure.
• United Security Bank (Missouri): Small Missouri community bank with deposit and commercial lending focus serving rural communities similar to First Midwest's Missouri footprint.
• Phelps County Bank: Missouri-based community bank with deposit and small-business lending focus in rural markets overlapping First Midwest Bank's Ozarks footprint.
• Great Southern Bank: Missouri-headquartered community bank with a multi-state branch network offering comparable personal, business, and ag lending products with similar community-bank value proposition to First Midwest Bank.

Regional players

• Arvest Bank: Arkansas-headquartered community-banking group with overlapping small-business and consumer banking products; primary footprint adjacent to but not directly in Missouri.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/1stmidwest
• YouTubeyoutube.com/channel/UCGe7ziw8_z4Il5jw_8DpFtA
• Facebookfacebook.com/firstmidwestbank
• LinkedInlinkedin.com/company/first-midwest-bank---columbia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds1 record

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 First Midwest Bank (Missouri)