June 11, 2024

web.miba.net/events

By the time this is published, the 2024 Regular Session of the Missouri General Assembly will be over. Adjournment was on May 17 at 6:00 p.m. At this point in the session (May 5), there were two weeks left and two major issues still in the balance: the state’s $50-billion-plus budget and the FRA tax renewal. The constitution required the budget bill to be passed by 6:00 p.m. on Friday, May 10. The FRA, the health provider self-imposed tax that is used to pull down federal Medicaid dollars, was due by May 17 at 6:00 p.m.

Where are your main bank and branches located? What is the market like?
Our headquarters are located in Old Monroe, Missouri. We also have four other branches located in Troy, Moscow Mills, Wentzville and O’Fallon. Our market is very diverse and competitive. On the consumer side, we serve customers looking to purchase land or those who are building their forever home. On the commercial side, we serve individuals purchasing rental properties, commercial property, operating equipment, retail buildings, land development and mixed-use loans.

Thank you to the seminar sponsors!

Throughout our district, entrepreneurship serves as an economic engine, provides jobs and generates income within the local area. In regions where larger corporations may not have a presence, small businesses often fill the void, offering employment opportunities to residents who may otherwise struggle to find work locally. This not only helps to reduce unemployment rates but also strengthens the local economy by circulating money within the community.

Throughout his banking career, my dad had a standard saying that became a regular refrain: “If you need a quick answer, it’s no.” Even though he worked to get to a “yes” more often than a “no,” his point was that if you don’t have time to thoughtfully consider options, then the project doesn’t need to move forward.

The mere mention of change can send pulses racing and blood pressure rising. But while change can be hard, it’s unavoidable, and it’s only going to continue to accelerate in our evolving marketplace.