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News Brief

2010-07-09MARYVILLE, MO |  By: Wayman

Bank MW Sold

But local officials say customers will not even notice.

Bank Midwest- owned by a family-owned corporation out of Kansas City- has been sold to a Boston Investment Group after incurring more than 3 hundred million dollars in losses- mostly from foreclosed real-estate.

All 38 branches throughout Missouri and Kansas are part of the sale.

But Bank Midwest Maryville Executive Vice President Bob Hall says locations, employees, and customer service will remain exactly the same.

Despite the Boston ownership, a Missouri native will be the bank's new C-E-O... with the management team based in Kansas City.