Question 1

What is Bank of New Madrid?

Accepted Answer

Bank of New Madrid is a community-oriented commercial bank serving Southeast Missouri with approximately $118 million in assets and three branch locations. The bank positions itself as a "real community bank" that is large enough to serve customers' needs, strong enough to protect their interests, and small enough to maintain personal relationships. Operating for over 90 years, the institution provides comprehensive banking services to individuals, families, businesses, and agricultural operations throughout the region.

Question 2

When was Bank of New Madrid founded?

Accepted Answer

Bank of New Madrid was incorporated under Missouri law and received its Certificate of Incorporation on August 15, 1934, though some sources indicate the institution was established on January 1, 1933. The bank was founded during the Great Depression by five original board members: Sam L. Hunter, Sr., R.H. Bierschwal, Vincent H. Rost, W.P. Hunter, and J.P. Hunter.

Sam L. Hunter, Sr. served as both chairman of the board and the first president. The bank began operations with approximately five employees using manual typewriters, adding machines, and posting machines. Today, the bank remains under the Hunter family leadership, with Sam L. Hunter, III serving as CEO and Chairman, representing the third generation of family stewardship.

Question 3

Where is Bank of New Madrid headquartered?

Accepted Answer

Bank of New Madrid is headquartered in New Madrid, Missouri, located in New Madrid County in the southeastern "Bootheel" region of the state. The main office is situated at 229 Main Street.

Question 4

Where does Bank of New Madrid operate?

Accepted Answer

The bank operates three full-service branches throughout Southeast Missouri, serving New Madrid, Lilbourn, and Portageville. The bank's service area encompasses New Madrid County and surrounding rural communities in the Missouri Bootheel region, providing banking services to both urban and agricultural customers.

Question 5

What services does Bank of New Madrid offer?

Accepted Answer

Bank of New Madrid offers a comprehensive suite of banking products and services including personal and business checking accounts, savings accounts, money market accounts, certificates of deposit, and retirement accounts (IRAs). The bank provides various lending options including residential mortgages, consumer loans for vehicles and personal needs, commercial business loans, agricultural financing, and real estate lending.

Modern banking conveniences include Internet banking, mobile banking apps available through the Apple App Store and Google Play, mobile check deposit, online bill payment, telephone banking, wire transfers, and 24-hour ATM access. Additional services include safe deposit boxes, cash management solutions, traveler's checks, night deposits, cashier's checks, and notary services.

Question 6

What makes Bank of New Madrid unique?

Accepted Answer

Bank of New Madrid distinguishes itself through its genuine community bank approach and nearly 90-year commitment to Southeast Missouri. The bank's motto—"Large Enough to Serve You, Strong Enough to Protect You and Small Enough to Know You"—reflects its philosophy of combining the resources and stability of a substantial institution with the personal touch of a community bank.

The bank has demonstrated remarkable stability through multiple economic cycles, from the Great Depression to modern financial challenges. With over 30 employees across three locations, the bank leverages technology to improve efficiency while maintaining its personal relationship approach. The Hunter family's three-generation leadership provides continuity and deep roots in the communities served.

Question 7

What type of financial institution is Bank of New Madrid?

Accepted Answer

Bank of New Madrid is a State Chartered Commercial Bank. Operating under Missouri state banking regulations and FDIC supervision, the bank is classified as a commercial bank that is not a member of the Federal Reserve System.

As a state-chartered institution, it operates under state law while maintaining FDIC insurance protection. The bank functions as a subsidiary of Dixie Bancshares Corp., a bank holding company. This structure allows Bank of New Madrid to serve a broad range of customers including retail consumers, small businesses, and agricultural operations throughout Southeast Missouri.

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About Bank of New Madrid in the United States