Question 1

What is Flat Branch Bank?

Accepted Answer

Flat Branch Bank is a community-focused commercial bank serving Ray County, Missouri, and the surrounding Midwest region. With approximately $93 million in assets, the bank operates as a state-chartered financial institution supervised by the FDIC. Flat Branch Bank specializes in personalized banking services for individuals, families, and small businesses throughout its service area.

The bank is held by State Holding, Inc., which is led by founder Jim Yankee, who also founded Flat Branch Home Loans in 2005. Flat Branch Bank represents the banking arm of the broader Flat Branch financial services ecosystem.

Question 2

When was Flat Branch Bank founded?

Accepted Answer

Flat Branch Bank has its roots in The State Bank, which was founded in 1904 in Richmond, Missouri. For 120 years, the institution served Ray County residents under the name The State Bank, operating as a full-service community bank focused on helping families, farmers, and small business owners.

In February 2024, State Holding, Inc. completed the acquisition of The State Bank from CS Bancshares, Inc. The bank was subsequently rebranded as Flat Branch Bank in March 2024 under the leadership of Jim Yankee, founder and chairman of Flat Branch Home Loans. This acquisition marked a new chapter while maintaining the bank's century-long commitment to community banking.

Question 3

Where is Flat Branch Bank headquartered?

Accepted Answer

Flat Branch Bank is headquartered in Richmond, Missouri, in Ray County. The main office is located at 803 Wollard Boulevard, Richmond, MO 64085.

Richmond serves as the county seat of Ray County and has been the bank's home since its founding in 1904. The bank continues to maintain its primary office in this historic Missouri community.

Question 4

Where does Flat Branch Bank operate?

Accepted Answer

Flat Branch Bank primarily operates in Richmond, Missouri, and serves Ray County and the surrounding communities. The bank currently maintains one office location, its headquarters in Richmond.

While the bank's physical footprint is focused on Ray County, it aligns strategically with the broader presence of Flat Branch Home Loans, which operates throughout Missouri and several neighboring states. The bank plans to expand its accessibility across the Midwest to serve the widespread footprint of Flat Branch financial services.

Question 5

What services does Flat Branch Bank offer?

Accepted Answer

Flat Branch Bank provides a comprehensive suite of banking services tailored to meet diverse financial needs. The bank offers personal banking solutions including checking accounts, savings accounts, and home loans.

For businesses, the bank provides commercial banking services designed to support small businesses, farmers, and entrepreneurs in the region. Home lending is a particular focus area, leveraging the expertise and resources of its sister company, Flat Branch Home Loans, which specializes in residential mortgage lending.

Digital banking services are available through the bank's website at www.flatbranchbank.com, allowing customers to access banking tools and resources online. The bank emphasizes personalized customer service while incorporating modern banking technology and convenience.

Question 6

What makes Flat Branch Bank unique?

Accepted Answer

Flat Branch Bank distinguishes itself through its integration with Flat Branch Home Loans, one of the Midwest's largest mortgage originators. This connection provides unique advantages in residential lending and home financing services that many community banks cannot match.

The bank's founder, Jim Yankee, established Flat Branch Home Loans in 2005 at age 25 and built it into a company processing over $1 billion in home loans annually across multiple states. In 2021, Yankee created an Employee Stock Ownership Plan (ESOP) for Flat Branch Home Loans, demonstrating his commitment to employee empowerment.

The bank emphasizes a strong organizational culture centered on community involvement and employee satisfaction. This includes The Giving Branch foundation, where employees contribute to local communities. The bank's leadership team includes President Misti Holloway, who has maintained her role through the transition from The State Bank, ensuring continuity of service and deep local knowledge.

Question 7

What type of financial institution is Flat Branch Bank?

Accepted Answer

Flat Branch Bank is a commercial bank with a state charter, operating as a Federal nonmember institution supervised by the FDIC. The bank falls into the category of community banks specializing in serving populations under 1 billion in assets.

As a state-chartered commercial bank, Flat Branch Bank operates under Missouri banking regulations while maintaining FDIC insurance to protect depositors. The bank is held by State Holding, Inc., a bank holding company based in Jefferson City, Missouri. This structure allows the bank to maintain its community banking focus while benefiting from the resources and strategic vision of its holding company.

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