Risk Management Firm Ranks MRV Banks No. 1 in Nation Among Community Banks
On Feb. 27, 2023, CB Resource, Inc., a risk management firm, ranked MRV Banks first on its CB Top Ten™ list of community banks with assets between $500 million and $1 billion. The firm identifies the top 10% of community banks throughout the nation and provides industry insights to promote and enhance overall performance. In the fourth quarter 2022 report, it recognized MRV Banks’s overall performance when compared to other community banks with the same assets.
“It’s a tremendous honor to receive this kind of national distinction for the work we do at MRV Banks,” said Doug Watson, MRV Banks President & CEO. “It’s also gratifying because we know this recognition is given based on actual data compared to our peers. The fact that our bank is still so young, but successfully growing, is a wonderful testament to our business philosophy and commitment to community values.”
The CB Top Ten™ categorizes community banks into five peer groups based on total assets. The firm provides a summary of the top 10% of community banks based on key performance indicators. Those include asset growth, return on average assets, return on average equity, net interest margin, efficiency ratio, non-performing assets, non-interest-bearing deposits and non-interest income. This report is produced annually and quarterly.
Founded in 2007, MRV Banks is one of the fastest-growing banks in Missouri. With more than $650 million dollars in assets, it is the 49th largest bank in the state of Missouri out of 215 state-chartered banks. MRV Banks has locations in Ste. Genevieve, Cape Girardeau, Festus, and St. Charles, its newest location. MRV Banks has a reputation for delivering premium banking products and services to local consumers and small business customers throughout Missouri. For more information about MRV Banks, go to www.mrvbanks.com or call 573-883-8222.
Marian Pfeiler Joins Community Bank of Raymore as Vice President in Trust Department
Marian Pfeiler has joined Community Bank of Raymore as a Vice President in the Trust Department. She received her Master of Business Administration, with an emphasis in accounting, from the University of Phoenix. She is a resident of Raymore and has spent the last 22 years working in various accounting positions at Marine Corps Community Services.
Community Bank of Raymore has locations in Raymore, Peculiar, and Harrisonville where we assist consumers and businesses in meeting their banking and wealth management needs. Our Trust Department associates work with families to help them understand what estate planning options they have and then implement the plan the families establish.
Community Bank of Pleasant Hill Hires New Trust Officers
Community Bank of Pleasant Hill dba First Trust of MidAmerica is pleased to announce the appointment of Ryan Thompson. We recruited Mr. Thompson to join our Trust Department as a Vice President and Trust Officer. Among his varied duties, Ryan will add to our core function of providing fiduciary services for Employee Stock Ownership Plans (ESOPs), 401k Plans and other qualified employee retirement plans. He will bring additional strength in working with IRA clients, who are looking to rollover or add to an existing IRA, with personalized and exceptional service.
Ryan has an extensive professional background that includes 10 years of providing fiduciary services to retirement plans and individual retirement arrangements including SIMPLE, SEP, Traditional and Roth. Ryan holds a Bachelor of Science degree in Management and Finance from Park University. Ryan is a north-central Missouri native and resides in the Kansas City area.
We welcome Ryan to our team!
Community Bank of Pleasant Hill dba First Trust of MidAmerica is pleased to announce the appointment of Jeff Akright. Mr. Akright joins our Trust Department as a Vice President and Trust Officer and will work in our trust office in St. Joseph, Missouri. Jeff will be providing fiduciary services for Employee Stock Ownership Plans (ESOPs), 401k Plans and other qualified employee retirement plans. He will bring additional strength in working with IRA clients by utilizing his years of wealth management expertise.
Jeff’s professional background includes 30 years of providing fiduciary services as an Investment Advisor, Financial Advisor and Wealth Management Consultant. Jeff holds a Bachelor of Science degree in Finance from Eastern Illinois University and a CTFA certification from the Cannon Financial Institute. Jeff was raised in eastern Illinois and currently resides in the Kansas City area.
We welcome Jeff to our team!
