State of Missouri
10/09/2024 | Press release | Distributed by Public on 10/10/2024 08:02
Four States Bank opens headquarters in Carthage, investing more than $1&…
Four States Bank, a new bank charter, has opened a headquarters location in Carthage, investing more than $1.1 million and creating 27 new jobs. The new bank will be focused on serving the needs of small and medium-sized businesses, farmers, and residents of the four-state region.
"We congratulate Four States Bank on its opening and look forward to its success in Carthage," said Governor Mike Parson. "Our state serves as an ideal location for business growth across a wide variety of industries. Missouri's financial standing, like our physical infrastructure, remains strong and continues to support the wellbeing of communities statewide."
Four States Bank is the first new bank charter approved in the state of Missouri since September 2008. The bank will operate as a wholly-subsidiary of Four States Bancshares, Inc., which has been approved by the Federal Reserve Bank of Kansas City as a Bank Holding Company. Branches are currently located in Carthage and Joplin.
"Four States Bank is the first new bank charter approved in the State of Missouri in nearly 16 years," said Jeff Williams, President and CEO of Four States Bank. "We will ensure that we stay true to serving our communities with increasing expansion and job creation."
Four States Bank intends to use the best available technology, convenient small bank branches, and experienced employees to deliver its services. The company offers competitive deposit products, home loans, Small Business Administration guaranteed loans, USDA guaranteed loans, and Farm Service Agency loans. New jobs added as part of Four States Bank's expansion will pay an average wage well above the county average.
"We're pleased to welcome Four States Bank to Carthage as it brings new opportunities to the community," said Michelle Hataway, Director of the Department of Economic Development. "Their presence in the southwest region is sure to strengthen the local economy while helping Missourians prosper for years to come."
For the establishment of its headquarters, Four States Bank will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.
What others are saying
"It is a sign of the strength of Carthage's economy when a new local bank opens in your town," said Jeff Meredith, CEO of the Carthage Economic Development Corporation. "The Carthage Economic Development Corporation is thrilled to welcome Four States Bank and looks forward to the future economic and employment growth that can occur with this business investment."
About Four States Bank
Four States Bank is a new banking institution committed to delivering exceptional banking experience and fostering community development. The company aims to become a trusted partner for individuals, businesses, and organizations, offering a comprehensive range of banking services to meet clients' financial needs.
To learn more about Four States Bank, visit 4sb.com.
About the Missouri Department of Economic Development
The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri's businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.
For the latest updates on DED's current or future programs and initiatives, visit DED's website.
About the Missouri Works Program
As the state's number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.