Midwest Independent Bank

The MIBA is proud of its role in the creation of the Midwest Independent Bank (MIB). MIB, a for profit, full service, correspondent bank, was chartered in 1984 after passage of legislation introduced by the MIBA. The Association was instrumental in implementing the initial feasibility study and stock sales effort which led to the bank’s charter. MIB, Missouri’s premier correspondent bankers’ bank, is owned and directed by the Midwest community banks it serves and offers an alternative to large holding company correspondent relationships which were the only choice before MIB was created.

MIB Website – www.mibanc.com

BENEFITS OF MIDWEST INDEPENDENT BANK

  • Committed to offering quality products & services
  • MIB’s sole purpose is to serve financial institutions
  • MIB will never compete with its customer banks

OPERATIONAL SERVICES

  • Midwest Image Exchange Network- MIE.net™
  • Check Clearing Products
  • Cash Management
  • Federal Funds
  • CONTROL – Information Reporting
  • Wire Transfers
  • ACH
  • Safekeeping
  • Foreign Exchange Services

LENDING SERVICES

  • Commercial Loans
  • Commercial Real Estate
  • Ag Loans
  • Over-Lines/Participations
  • Bank Stock Loans
  • Special Purpose Loans

OTHER SERVICES

  • Investments
  • Bond Accounting

MIB also offers audit services to community bank in their marketplace thru their subsidiary MIB Banc Services, LLC.

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