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First Missouri Bancshares, Inc. to merge with Clay County Savings Bank, Strengthening Commitment to Community Banking
Tuesday, January 21, 2025 - Press Release
KANSAS CITY, Mo. (January 21, 2025) – First Missouri Bancshares Inc., the holding company of Verimore Bank, a full-service community bank with locations throughout the Kansas City Northland and Northern Missouri, announces its merger with Clay County Savings Bank. Completion of the merger is subject to shareholder approval for the holding companies of both banks as well as the approval by regulators.
The merger will combine the strengths of both institutions, enhancing the ability to serve the community with increased resources, expanded services, and continued personalized banking experiences. After the merger, Verimore Bank projects to have assets of nearly $600 million and will have the second-largest branch network in Clay County. The merged banks will operate as Verimore Bank.
“We are thrilled to welcome the customers and employees of Clay County Savings Bank to the Verimore Bank family,” said Kristie Stuewe, President & CEO of Verimore Bank. “This merger represents a significant step forward in our growth strategy, allowing us to better serve our community with enhanced services and greater convenience. Both banks are locally owned community banks and we are excited about our aligned cultures and mission.”
Verimore Bank has a longstanding history of providing exceptional banking services to individuals, families, and businesses. This merger reinforces the mission to deliver reliable, community-focused banking solutions that meet the evolving needs of the bank’s customers.
DeAnn Totta, Chair of Clay County Savings Bank added, “We are excited to join Verimore Bank, a bank that shares our values and dedication to community banking. As a community bank that is proud to have served its customers for over a century, the transition to a bank with Verimore Bank’s history, leadership, and proven commitment to the Northland is a natural fit. Together, we will continue to provide our customers with the personalized service they have come to expect, now with even more resources and capabilities.”
About Verimore Bank
Verimore Bank, founded in 1934, is a full-service community bank with $466 million in assets. As part of a family of banks in five Northern Missouri communities, Verimore Bank provides friendly, affordable, personal and convenient banking and financial services to the communities it serves. With its main offices in Brookfield, Verimore Bank also has branches in Eagleville, Kearney, Milan, and North Kansas City. Verimore Bank is one of the few financial institutions in the Midwest actively serving and growing in both rural and urban markets, with unique expertise in both commercial and agricultural lending. Verimore Bank earned a Five Star Rating from BauerFinancial, which recognizes the strongest financial institutions in the country. For more information, visit www.verimore.bank.