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| Additional information |
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| Midwest Independent Bank |
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Mission statement:
To provide quality correspondent banking products and unparalleled service to community banks and ensure a profitable return to our investor institutions. |
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History:
In February of 1987, Bankers' Bancorporation of Missouri, Inc. consummated a stock exchange with Missouri Independent Bank (MIB) and became the parent one-bank holding company for MIB.
The holding company was formed to give MIB more flexibility in the purchase back of its own stock, as well as flexibility in serving MIB customers with a full range of financial services.
At the organizational meeting of the new holding company, Camden R. Fine was elected President/CEO. At its inception, Bankers' Bancorporation of Missouri had over 100 stockholders throughout Missouri. Stock was offered at $250.00 per share.
In April of 1994, Bankers' Bancorporation of Missouri changed its name to Midwest Bankers' Bancorporation, Inc., to better represent the area served by the holding company.
In October of 2002, Midwest Bankers' Bancorporation, Inc., chartered Nebraska Bankers' Bank, na, becoming only the second two bank bankers' bank holding company in existence.
Bill Voss of Lincoln, Nebraska was elected President/CEO. David Ochsner became the President/CEO in February of 2007.
The original President/CEO of Midwest Bankers' Bancorporation, Inc., Cam Fine, served in that capacity until April of 2003, when he resigned to become President and CEO of the Independent Community Bankers of America (ICBA). At his resignation, L.D. McDonald, was elected by the Board of Directors as President and CEO.
Midwest Bankers Bancorporation, Inc. (MBB) and Missouri Independent Bankers Association (MIBA) announced that on April 1, 2004 ownership of the Missouri Independent Bankers Association Agency (MIBAA), L.L.C. was transferred to MBB and began operating under the name of Midwest Financial Services, LLC (MFS).
MBB Audit & Consulting Services was formed under MBB Banc Services, LLC in the fall of 2004. Today, Brian Cook is the Vice President / Information Technology (IT) Audit Manager. IT Audit & Consulting include: General IT Audits, Network Audits, External/Internal Vulnerability Assessment, Firewall/Router Security Assessment and Intrusion Detection System Reviews. Other audits available are: Third Party Service Provider Review, IT Risk Assessment (GLBA), and Website Review. Many other types of audits are also available. MBB Banc Services, LLC changed their name to MIB Banc Services, LLC in April 2005.
In April 2005, MIdwest Bankers' Bancorporation, Inc. changed its name to Midwest Independent Bancshares, Inc.
During the fall of 2006, Bankers' Banc Investment Services, LLC comprised of MIB, Inc and three other banker's banks or bankers' bank holding companies completed the acquisition of First St. Louis Securities, Inc. First St. Louis Securities, Inc. is engaged in the business of buying and selling fixed income securities for financial institutions located in the Midwestern States.
During the first quarter of 2007 the name of First St. Louis Securities, Inc. was changed to First Bankers' Banc Securities, Inc. to better reflect the geographic area the company has business in.
In early 2008 the managing agency for Midwest Financial Services, LLC became
The Insurance Group in Columbia, Missouri.
Eric McClure began employment with MIB, Inc. and MIB in July 2009 and became President of the holding company. L.D. McDonald was the CEO of the holding company at that time. McClure also was the President and CEO of Midwest Independent Bank.
In July 2010, LD McDonald was named the President and CEO of both MIB and the holding company. In December 2010, Mike Wasson was hired as the President and CEO of MIB and the holding company, as LD McDonald announced his retirement in early 2011. LD McDonald is the current Vice Chairman of the Board until his future retirement date.
Today, Midwest Independent Bancshares, Inc. has over three hundred seventy stockholders in Missouri, Iowa, Nebraska and South Dakota. |
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| Toll Free:
+1 800 347 4642 |
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