Pub. 4 2024 Issue 4

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Verimore Bank announces with deep sadness the loss of Robert Devoy, Chairman Emeritus. Mr. Devoy passed away on June 18, 2024. Mr. Devoy was part of the leadership team that saw the institution’s evolution from the Brookfield Federal Savings & Loan Association, chartered in 1934 by his father Francis Xavier Devoy and Uncle Paul Devoy,

Trisha Barnes Anastasia Ferguson Mid America Bank Hires Barnes and Ferguson Mid America Bank is pleased to announce Trisha Barnes and Anastasia Ferguson have joined the Bank as VP, treasury management officers. In this role, Barnes and Ferguson will be responsible for cultivating client relationships as well as the administration and development of the bank’s

Contributors to the MIBA Political Action Committee are recognized for their generosity on the Association’s website and at the MIBA Annual Convention and Exhibition. Different levels of contribution have been set to recognize supporters of our Political Action Committee fund and to make the Association’s membership more aware of this important facet of our work

https://web.miba.net/events

There are a whole lot of anomalies in community banking in the waning stages of this restrictive Fed cycle. One of the overriding themes is the sheer duration of the process. We’re now fully one year past the last tightening, which has left the effective overnight rate at 5.375% since July 2023, and given rise

Out of all the qualities that make a great leader, it could be argued that creativity ranks highest. It’s an essential tool in the workplace that can help with problem solving or change management and projects that aren’t headed in the intended direction. Creative leaders are actively experimental and encourage experimentation within their teams. They

In recent years, community bankers have embraced constant change to drive the future of banking. As you follow your innovation journeys, you are also leaning into a cycle of continuous improvement: hiring, recruiting, building products and offering solutions on an ongoing basis. The start-and-stop approach of the past has given way to an approach that’s

Gov. Parson approved HB 1803, Rep. Terry Thompson’s bill, to increase the cap on the MoBuck’s program from $800 million to $1.2 billion. Additionally, SB 1359 includes the Money Modernization Transmission ACT. The act regulates money transmission, defined as any of the following: Selling or issuing payment instruments to a person located in Missouri. Selling

Subordination agreements and intercreditor agreements are often utilized to establish priority and rights when two or more lenders have liens in the same borrower’s collateral. Although these agreements are referenced interchangeably, a subordination agreement is an agreement between two or more lenders to address priority in specific liens and repayment priority, while an intercreditor agreement

Where is your main bank and branches located? What is the market like?Our main office is in Saint Clair, and we have locations in High Ridge, Eureka and Lonedell. What is something unique about your bank?FMB is a community bank that has been independently owned for over 110 years. FMB is like “Cheers,” the TV

During the Cold War, most Americans would be alarmed if they discovered their everyday purchases and government-backed retirement funds were financing the Soviet’s military, its strategic initiatives and even providing employment opportunities. Unfortunately, most policymakers in Washington, D.C., and business leaders across the country fail to apply this same logic against the Chinese Communist Party.

We need to hold onto our independence at all costs. At the same time, we must continue to look for opportunities to level the playing field. Coming off the recent holiday in July, I find myself reflecting more about independence. This nation was founded by rabble-rousers looking to do things differently, and that’s exactly who

When you enter ICBA’s headquarters, you are greeted with a large U.S. map that contains a peg for each community bank and a singular cord linking them all together. It not only demonstrates our collective impact; it also represents the strength of our financial system, built on thousands of local economies around the country and fueled by community banks.