Question 1

What is Bank of Monticello (Missouri)?

Accepted Answer

Bank of Monticello is a community bank serving northeast Missouri. With approximately $150 million in assets and three branch locations, the bank provides traditional banking services to Lewis, Clark, and surrounding counties in the Quincy, IL-MO metropolitan area. The institution operates with strong local ownership and a commitment to personalized service.

The bank has been locally owned and operated since its founding, maintaining independence in an era of significant bank consolidation. Bank of Monticello prides itself on providing "big bank services with small town personal attention."

Question 2

When was Bank of Monticello founded?

Accepted Answer

Bank of Monticello was organized by local shareholders in 1928 to meet the financial needs of the families and businesses of Monticello, Missouri and surrounding communities. The bank was established during a period of agricultural prosperity in northeast Missouri.

For over 95 years, the institution has served the region through various economic cycles, including the Great Depression, maintaining its commitment to community banking. The bank has remained continuously under local ownership and control throughout its history, a rarity in modern banking.

Question 3

Where is Bank of Monticello headquartered?

Accepted Answer

Bank of Monticello is headquartered in Monticello, Missouri, a small community in Lewis County. Monticello is located in the northeastern corner of Missouri, near the Mississippi River and the Illinois border, within the greater Quincy, Illinois-Missouri metropolitan area.

Question 4

Where does Bank of Monticello operate?

Accepted Answer

Bank of Monticello operates three full-service branch locations across northeast Missouri. The main office is in Monticello, with additional branches in Canton and Kahoka. These locations serve Lewis County, Clark County, and the surrounding rural communities.

The bank has strategically expanded over the years to better serve its growing customer base while maintaining its community focus. All locations offer lobby and drive-up services with convenient hours designed for working families and business customers.

Question 5

What services does Bank of Monticello offer?

Accepted Answer

Bank of Monticello provides comprehensive traditional banking products for both personal and business customers. Services include checking and savings accounts, certificates of deposit, individual retirement accounts, and safe deposit boxes.

Lending services cover commercial loans, real estate financing, agricultural lending, and consumer loans. The bank offers modern digital conveniences including online banking, mobile banking, and bill pay services, allowing customers to manage their finances remotely. Investment and insurance services are also available to help customers plan for their financial futures.

Question 6

What makes Bank of Monticello unique?

Accepted Answer

Bank of Monticello distinguishes itself through its sustained local ownership and independence since 1928. In an industry dominated by mergers and acquisitions, the bank has maintained its community focus and local decision-making authority.

The institution's commitment to relationship banking means customers work with bankers who understand local economic conditions and community needs. The bank's strong financial performance, with a return on equity over 22%, demonstrates the viability of the community banking model. Bank of Monticello actively supports local organizations and initiatives, reinforcing its role as a true community partner rather than just a financial services provider.

Question 7

What type of financial institution is Bank of Monticello?

Accepted Answer

Bank of Monticello operates as a state-chartered commercial bank that is not a member of the Federal Reserve System, supervised by the FDIC. The bank provides full-service commercial and retail banking to individuals, families, farms, and businesses throughout its service area.

As a community bank, the institution maintains the flexibility to make local lending decisions and tailor products to meet specific customer needs. The bank's structure allows it to focus on building long-term relationships rather than short-term metrics, supporting the economic development of northeast Missouri communities.

Bank of Monticello (Missouri)

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About Bank of Monticello (Missouri) in the United States