Mid-Missouri Bank

What Mid-Missouri Bank does

Mid-Missouri Bank is a privately held community bank founded in 1873 and headquartered in Springfield, Missouri, operating a regional retail and commercial banking franchise across Southwest Missouri through three branch communities — Springfield, Joplin, and Lebanon. The bank serves individual consumers, small and mid-sized businesses, agricultural borrowers, and homeowners with a full suite of deposit products (Kasasa Cash, Kasasa Cash Back, Kasasa Saver, basic and senior checking, money market, CDs, IRAs, youth savings), lending products (home mortgages, HELOCs, auto loans, SBA loans, commercial real estate, working capital, agricultural, equipment, floor plan lines of credit), merchant card services, remote deposit capture, and personal and business insurance through a separate subsidiary, Mid-Missouri Insurance. Mortgage origination is operated under the MidMo Mortgages brand.

The bank runs a hybrid physical-and-digital distribution model: branch-led relationship banking augmented by an iOS/Android mobile app and online banking platform that supports mobile deposit with tiered limits up to $25,000, e-statements, business cash management with ACH origination and wire transfers, bill pay, and contactless payments via Apple Pay, Samsung Pay, and Google Pay. Credit card issuance and processing are outsourced to Elan Financial Services under a Visa license, with the bank earning interchange and partnership economics. Revenue is generated primarily through net interest income on the loan portfolio (residential, commercial, agricultural, consumer), transaction-based fees (overdraft at $35, ATM $2, domestic wire $20, international wire $60), service charges, and credit card interchange. Go-to-market is community-led, emphasizing local lenders, hometown service, and brand credibility reinforced by back-to-back Forbes #1 Best-In-State Bank for Missouri recognition in 2025 and 2026.

Name

Mid-Missouri Bank

Legal name

Mid-Missouri Bank

Website

https://midmobank.com

Company type

Private

Founded year

1873

Operating status

Operating

Headcount range

101–250 employees

Short description

Mid-Missouri Bank is a privately held community bank founded in 1873 in Springfield, Missouri, serving consumers, small businesses, agricultural borrowers, and homeowners across Southwest Missouri with deposits, loans, digital banking, and insurance via three branches.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Credit Cards & Revolving Credit (FSABAAAC), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking services
• Personal checking accounts
• Small business lending
• Agricultural loans
• Residential mortgage lending

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest on loans including home mortgages, auto loans, HELOCs, business loans, agricultural loans, and SBA loans
2. Credit Card Partnership: Partnership with Elan Financial Services for credit card issuance - bank earns interchange and partnership fees
3. Fee Income: Various banking fees including overdraft fees ($35), ATM fees, wire transfer fees, mobile check deposit fees for business ($0.50/item), account research, and stop payment fees
4. Service Charges: Account service fees, dormant account fees, cashier's checks, notary services, photocopying, fax services

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Mid-Missouri Bank is a privately-held community bank offering personal and business deposit products (checking, savings, money market, CDs, IRAs), consumer and commercial lending (home mortgages, HELOCs, auto loans, SBA loans, commercial real estate, agricultural, equipment, working capital, floor plan lines of credit), credit cards issued through Elan Financial Services, merchant card services, remote deposit capture, and personal/business insurance through its Mid-Missouri Insurance affiliate. Distribution combines three physical branches in Southwest Missouri (Springfield, Joplin, Lebanon) with a digital banking platform offering mobile and online banking, mobile deposit, and Apple Pay/Samsung Pay/Google Pay.

Product overview

Mid-Missouri Bank is a community bank offering a comprehensive suite of banking products and services through a branch network across Springfield, Joplin, and Lebanon, Missouri. The bank's core offerings include personal and business checking and savings accounts, with branded products like Kasasa Cash Checking, Kasasa Cash Back Checking, and Kasasa Saver that provide competitive interest rates and rewards. The bank provides lending services spanning personal loans (home mortgages, HELOCs, auto loans), business loans (SBA loans, commercial real estate, agricultural, equipment, and working capital loans), and credit cards through a partnership with Elan Financial Services. Digital banking capabilities include mobile and online banking with mobile deposit, Apple Pay, Samsung Pay, and Google Pay integration, plus specialized business services like merchant card processing, remote deposit capture, and ACH/wire transfer capabilities. Insurance products are offered through affiliated company Mid-Missouri Insurance.

Differentiator

Problem solved

Functional benefit

Brands

• Mid-Missouri Insurance: Insurance subsidiary providing personal and business insurance products, operating at midmoinsurance.com
• MidMo Mortgages

Products and services

• Free Kasasa Cash Checking A free personal checking account that earns competitive interest on balances, with no minimum balance requirements, targeted at individual retail customers.
• Free Kasasa Cash Back Checking
• Basic Checking
• Golden Classic Club Senior Checking
• Free Kasasa Saver
• Savings Account
• Treehouse Club Youth Savings Account
• Money Market Account
• Certificates of Deposit (CDs)
• Individual Retirement Accounts (IRAs)
• Personal Credit Cards
• Home Mortgage Loans
• Home Equity Line of Credit (HELOC)
• Auto Loans
• Small Business (SBA) Loans
• Commercial Real Estate Loans
• Working Capital Loans
• Agricultural Loans
• Equipment Loans
• Floor Plan Line of Credit
• Small Business Checking
• Business Checking
• Business Interest Checking
• Business Savings Account
• Business Money Market Account
• Business Certificates of Deposit (CDs)
• Merchant Card Services
• Remote Deposit Capture
• Mobile and Online Banking
• Business Online Banking
• Personal Insurance
• Business Insurance

Quantifiable outcome

• Ranked #1 Best-In-State Bank in Missouri by Forbes for 2025
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

One partnership is on record.

• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services is the creditor and issuer of Mid-Missouri Bank credit cards pursuant to a Visa U.S.A. Inc. license. They provide zero fraud liability protection, 24/7 cardmember service, and credit card processing infrastructure for consumer and business credit card programs.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Great Southern Bank: Great Southern Bank is a Springfield, Missouri-headquartered community bank with comparable retail and commercial banking, lending, and digital channels serving a similar Southwest Missouri customer base. It is the most direct geographic and product peer to Mid-Missouri Bank.
• Commerce Bank: Commerce Bank is a Missouri-headquartered super-regional bank offering consumer and commercial banking, wealth, and SBA/agricultural lending. It overlaps Mid-Missouri's retail, commercial, and agricultural loan products across a broader Missouri footprint.
• OakStar Bank: OakStar Bank is a Springfield, Missouri community bank providing personal and business banking, mortgages, and wealth services to the same Southwest Missouri geography. Highly comparable in scale, product mix, and customer segments to Mid-Missouri.
• Bank of Missouri: Bank of Missouri is a community bank providing personal and business banking, mortgages, and agricultural lending across rural Missouri. Comparable to Mid-Missouri on community banking model, SBA/agricultural focus, and consumer deposit products.
• Central Bank of the Ozarks: Central Bank of the Ozarks operates community banking branches in Southwest Missouri, offering consumer and small business banking, mortgages, and digital services. Direct overlap with Mid-Missouri on geography, product suite, and customer base.
• Guaranty Bank (Missouri): Guaranty Bank is a Springfield, Missouri-based community bank offering consumer and business banking with similar branch-based distribution and digital channels. Comparable on geography, customer segments, and product breadth.
• Hawthorn Bank: Hawthorn Bank is a community bank serving central Missouri with consumer, business, and agricultural lending. Similar community-banking operating model, customer profile, and lending mix to Mid-Missouri Bank.

Broad incumbents

• Academy Bank: Academy Bank is a Missouri-based community bank offering consumer and business banking with a wider geographic footprint. Comparable product suite and customer segments to Mid-Missouri, but operates at larger scale under the Dickinson Financial Corporation umbrella.
• UMB Bank: UMB Bank is a Kansas City-based super-regional bank with commercial, consumer, and agricultural lending across Missouri. Overlaps Mid-Missouri on SBA, commercial real estate, and consumer deposit products, but operates a much broader geography and product set.

Regional players

• First Mid Bank & Trust: First Mid Bank & Trust is a Midwestern community bank offering consumer, business, and agricultural lending across Illinois and surrounding states. Comparable on community banking scale, agricultural/SBA lending focus, and consumer deposit products, though geographically outside Missouri.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/midmobank
• Facebookfacebook.com/midmobank
• LinkedInlinkedin.com/company/104997

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Mid-Missouri Bank