First Missouri State Bank

What First Missouri State Bank does

First Missouri State Bank is a privately-held, FDIC-insured community bank headquartered in Poplar Bluff, Missouri. Originally established on July 3, 1912 as the State Bank of Fisk and renamed in 1986, the bank serves individual consumers, local small and medium-sized businesses, and homebuyers in Poplar Bluff and the surrounding Butler County area. Its service footprint consists of a main branch at 2910 Barron Road, a branch office at 300 Second Street, and three ATM locations, all within Poplar Bluff.

The bank operates a traditional full-service community banking model. Its deposit product set spans multiple checking account tiers (Regular, Prime Time, Prime Time 50 Plus, Now Plus, Money Market), standard and Christmas Club savings accounts, and Certificates of Deposit including a Growth CD and IRA options. On the lending side, it offers mortgage loans (FHA, VA, Conventional, Rural Development, ARM, Construction/Rehabilitation), commercial lending (Lines of Credit, Term Loans, Real Estate, Working Capital/Equipment, Letters of Credit), and consumer lending (auto, installment, boats/RVs). Digital channels include iOS and Android mobile banking apps and a web-based online banking platform, supported by 128-bit encryption, firewall protection, and password-based access controls. The platform is built on the Banno digital banking framework (per the website footer), with online mortgage origination handled through a ZipForHome-branded application portal.

Revenue is generated primarily through net interest income on the loan portfolio and fee/interest income on deposit accounts; loan and deposit pricing is quote-based and not publicly disclosed. The go-to-market motion is relationship-driven community banking, with all loan decisions made locally in Poplar Bluff to enable fast turnaround and personalized service. The bank is currently transitioning its brand to FM Bank and Trust as announced in 2024, which constitutes the most significant recent strategic action.

Name

First Missouri State Bank

Legal name

First Missouri State Bank

Website

https://firstmissouristatebank.com

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

11–50 employees

Short description

First Missouri State Bank is a privately-held, FDIC-insured community bank in Poplar Bluff, Missouri offering deposit accounts, mortgage, commercial, and consumer lending plus mobile and online banking to local consumers, small businesses, and homebuyers in the surrounding Butler County area.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

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

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI)

Keywords

• Retail banking services
• Community banking
• Mortgage lending
• Commercial lending
• Consumer lending

Headquarters

HQ city

Cape Girardeau

HQ country

United States

HQ region

North America

Offices4 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. Mortgage Lending: Origination and servicing of mortgage loans including Rural Development, FHA, VA, Conventional, ARM, Construction/Rehabilitation, and Commercial Real Estate Development loans.
2. Commercial Lending: Business lending products including Lines of Credit, Term Loans, Real Estate loans, Working Capital/Equipment loans, and Letters of Credit for local businesses.
3. Consumer Lending: Personal loans including Automobile Loans, Installment Loans, Boats and Recreational Vehicle Loans, and Other Personal Needs Loans.
4. Checking and Savings Account Fees: Fee income from checking accounts, savings accounts, money market accounts, and related banking services. All checking accounts include free debit card and bill pay.
5. Certificates of Deposit and IRAs: CD products including standard CDs, Growth CDs allowing additions throughout the year, and Individual Retirement Accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

First Missouri State Bank is a community bank offering deposit accounts (checking, savings, money market, CDs, IRAs), mortgage lending (FHA, VA, Conventional, Rural Development, ARM, Construction/Rehab), commercial lending (lines of credit, term loans, real estate, working capital, letters of credit), and consumer lending (auto, installment, boats/RVs). All lending decisions are made locally in Poplar Bluff, Missouri, with FDIC-insured deposits and digital access via online and mobile banking.

Product overview

First Missouri State Bank (soon to be FM Bank and Trust) is a full-service community bank in Poplar Bluff, Missouri offering a comprehensive range of banking products and services. The core banking portfolio includes Checking Accounts (with multiple tiers including Regular, Prime Time, Prime Time 50 Plus, Now Plus, and Money Market), Savings Accounts, and Certificates of Deposit (including Growth CD and IRA options). The lending division provides Mortgage Lending (FHA, VA, Conventional, Rural Development, ARM, and Construction loans), Commercial Lending (Lines of Credit, Term Loans, Real Estate, and Working Capital), and Consumer Lending (Automobile, Installment, Boats/RV loans). Digital banking services include Mobile Banking app (iOS/Android), Online Banking with statement access, Fraud Alerts, Identity Theft protection resources, and Financial Calculators. All products are supported by security measures including 128-bit encryption and local decision-making for lending.

Differentiator

Problem solved

Functional benefit

Products and services

• Checking Accounts Full-service checking accounts including Regular Checking (Personal and Business), Prime Time Account, Prime Time 50 Plus Account, Now Plus Personal Account, and Money Market Account. All include debit card, 24/7 online/mobile banking access, and free bill pay. For personal and business deposit customers.
• Savings Accounts Savings and money market accounts including a standard Savings Account and a Christmas Club Account, structured to fit different lifestyles and savings potentials. For personal savers in the Poplar Bluff community.
• Certificates of Deposit (CDs) and IRAs CD products including standard Certificate of Deposit, Growth Certificate of Deposit (allowing additions throughout the year), and Individual Retirement Account (IRA). Offered in short and long term options at competitive market rates. For individual savers and retirement savers.
• Mortgage Lending Home financing services including Rural Development, FHA, VA, Conventional, Adjustable Rate Mortgage (ARM), Commercial Real Estate Development, and Construction/Rehabilitation Residential loans. Offers competitive interest rates with personal service throughout the process. For homebuyers, refinancing homeowners, and home builders.
• Commercial Lending Business lending products including Lines of Credit, Term Loans, Real Estate loans, Working Capital/Equipment loans, and Letters of Credit. Decisions made locally in Poplar Bluff, Missouri for personalized service and fast turnaround. For small and medium-sized local businesses.
• Consumer Lending Personal loans including Automobile Loans, Installment Loans, Boats and Recreational Vehicle Loans, and Other Personal Needs Loans. For individual consumers seeking personal credit.
• Mobile Banking Mobile banking app for iPhone and Android providing real-time account balance viewing, transaction history, fund transfers, and bill payment capabilities. For retail and business banking customers with an online banking account.
• Online Banking Browser-based banking platform allowing viewing of unlimited accounts including checking, savings, CDs, and loans. Provides access to current and 12 months of previous statements with check images. For retail and business banking customers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Commerce Bancshares: Kansas City-based super-regional commercial bank with substantial Missouri retail and commercial banking franchise. A larger incumbent competing in the same Missouri footprint with overlapping consumer, mortgage, and commercial products, though at significantly greater scale.
• Regions Bank: Large regional bank holding company with significant branch presence across the South and Midwest, including Missouri. Competes for consumer deposits, mortgage, and small-business banking in Poplar Bluff's market as a much larger incumbent.

Direct peers

• Hawthorn Bancshares: Missouri-based community bank holding company (HCBC) operating multiple community bank charters across the state. Directly comparable as a rural Missouri community bank serving consumer, small business, and mortgage customers with similar deposit and lending products.
• First State Community Bank: Missouri-based community bank (Farmington, MO) with multi-branch footprint across Southeast and South-Central Missouri. Directly comparable as a similarly-sized Missouri community bank offering deposits, mortgage, and commercial lending to local customers.
• Phelps County Bank: Rolla, Missouri-based independent community bank offering consumer, mortgage, and commercial lending to a small-city market. Closely comparable as a rural Missouri community bank with similar product mix and local decision-making model.
• Guaranty Federal Bancshares: Springfield, Missouri-based community bank holding company operating Guaranty Bank. Closely comparable community bank business model targeting retail customers and small businesses in Missouri with similar deposit, mortgage, and commercial loan products.
• Midwest BankCentre: St. Louis-based community bank focused on serving local consumers, businesses, and municipalities. Comparable community banking model with full deposit and lending product suite, relationship-driven service, and similar mid-size employee footprint.
• Great Southern Bank: Headquartered in Springfield, Missouri, Great Southern is a community bank with strong presence in rural Missouri. Comparable in offering full-service banking — deposits, mortgage, commercial, and consumer lending — to retail and small business customers in smaller markets.

Others

• Alloya Corporate Federal Credit Union: Corporate credit union providing correspondent banking, liquidity, and technology services to community banks and credit unions. Relevant as a backend services provider / enabling partner for community banks like First Missouri State Bank.

Regional players

• Citizens Bank of Cape Girardeau: Community bank serving the Cape Girardeau, Missouri region with consumer and commercial banking products. Comparable community-bank model operating in Southeast Missouri, though primarily serving Cape Girardeau County rather than Butler County.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/FirstMissouri
• LinkedInlinkedin.com/company/first-missouri-state-bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 First Missouri State Bank