Partnership NEWS


Mid tI d d t B k FEBRUARY 2015 INSIDE


2 A Note from the CEO 2 Financial Update 3 Market Update


3 Celebrating James Lanigan, Jr.’s service to FBBS


4 MIB Loan Department


4 MIB eNews Is Now On the Website


5 MIB Operations Department


5 MIB Celebrates Through Giving


6 MIB Banc Services, LLC 7 Third-Party Alliances 8 Customer Corner


8 Bragging Rights & Upcoming Events


8 Relationship Managers Contact Information


Celebrating the past,


looking to the future MIB celebrates 30th anniversary, names new President


As Midwest Independent Bank (MIB) celebrates its rich 30-year history, the company also looks to its future and the future of its respondents.


“MIB is positioned very well to go into the next 30 years of its life,” CEO Mike Wasson said of the company’s current strength.


Established in January 1985, MIB began business in Missouri as Missouri Independent Bank, the ninth bankers’ bank in the United States. Midwest Independent Bancshares, Inc. (MIB, Inc.), the parent company of the bank, began operation with 72 shareholder banks at its inception. Te company, based in Jefferson City, Mo., now has 356 shareholders and serves community banks throughout the states of Missouri, Iowa, Nebraska and Illinois. MIB quickly grew out of its given name. To better represent its regional impact, MIB changed its name from Missouri Independent Bank to Midwest Independent Bank in 1994.


For its nearly 550 banking customers, many of which have been customers for decades, the company truly lives up to its “One Source. One Call.” mantra. MIB offers a variety of services in house, making it a one-stop shop for community banks. It specializes in lending, bank operations and audit/consulting services – all while promising not to compete with its respondents.


“At the end of the day, what we do is help community banks prosper and grow,” Wasson said.


Member FDIC


Matt Sinnett looking to the future while MIB celebrates 30 years of service.


As the company celebrates three decades of customer service, MIB also welcomes a new President to the helm. Current President/ CEO Mike Wasson has moved into a more prominent role as President with MIB’s investment firm, First Bankers’ Banc Securities, Inc. Wasson will also continue in his current role as President/CEO of Midwest Independent Bancshares, Inc. Longtime MIB employee Matt Sinnett, currently the Senior Executive Vice President, will take on the new role as President of the bank. Sinnett has held many positions throughout his 23-year tenure at MIB, giving him the experience needed to move the company forward.


“In the past 30 years we’ve developed such strong relationships with our community bank customers. I’m looking forward to building on those relationships and continuing to expand within our service region,” explains Sinnett. “We have had a solid foundation to work upon and I look forward to continuing to assist community banks in our marketplace thrive.” 


One Source. One Call.


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