This is an artist’s rendering of Mid-Missouri Bank’s new building that’s replacing the former branch office at 1421 S. Madison St. 

Mid-Missouri begins construction of a bank to replace its branch on Madison

Bob Foos

Mid-Missouri Bank’s Webb City Madison Branch is temporarily a mobile facility while the former building is being replaced by a bank more than twice its size.

Groundbreaking for the new bank will be at 9 a.m. Thursday, Oct. 5, at 1421 S. Madison St.

Crossland Construction is the general contractor for the new building, which is valued at $3 million on the building permit.

Whereas the building being replaced was one of the smallest of Mid-Missouri Bank’s facilities, the new building will hold more offices for a larger staff and a wing for MidMo Insurance.

“We’re excited to get this additional investment in MidMo’s Four State footprint into the construction phase,” says Andy Perigo, community president of Mid-Missouri Bank’s Joplin and Webb City bank locations. “Once completed, the facility will offer many improvements from our existing bank building at the same address, not the least of which will be a MidMo Insurance wing and a local business and personal insurance expert. Chris Morrow is a Four State area native, and we’re proud that Chris will be our Webb City MidMo Insurance leader, working out of the new MidMo building on Madison.”

Mid-Missouri Bank announced plans to replace the existing building when an outdoor digital marquee was installed there several months ago. The project was in the planning and bidding phase until the middle of this year.

MidMo’s evolving facility design will take another step forward in Webb City, with an Experience Center in the lobby that includes all of the most current online and mobile devices for demonstrations and hands-on learning about safe digital banking practices.

“Everyone at the existing building is very excited about the new construction, even if it means we’ll be working from a temporary mobile facility while the new building is being built,” says Jennifer Sparks, bank manager for the Madison location. “We’ll have the most modern software and equipment to show our customers why there’s nowhere better to bank than MidMo in Webb City.”

Mid-Missouri Bank also installed an outdoor digital marquee at their 2230 East 32nd facility in Joplin in 2022 as part of additional growth plans in the area.

MidMo’s CEO, Brian Riedy, adds, “Webb City and Joplin are critically important markets for us and we’re anxious to show our reinvestment and dedication to the financial success of the families and businesses that call the Four State area home.

“Mid-Missouri Bank brings our customers better ways to bank. We’re building the community bank of the future with 13 banking locations in 10 communities. We offer a broad range of financial products and services. Our banking locations are Webb City, Joplin, El Dorado Springs, Stockton, Bolivar, Springfield, Republic, Willard, Mt. Vernon and Lebanon. Our insurance locations are Webb City, Joplin, El Dorado Springs, Stockton, Springfield, Bolivar, Lebanon and Richland.

The original Webb City Bank Madison Branch opened in 1982.

Webb City Bank foresaw the commercialism of South Madison Street when it broke ground in 1981 for its full-service branch office.

There were still houses on Madison south of 10th Street. Among its commercial neighbors were Motel 71, Ray’s Service, Tony Sloan’s gas station, Bill’s Drive-In, Tasty Freez, Webb City Drive-In, Cobble’s Monuments and Dr. Jack Capron’s veterinarian office. Sonic was still on the east side of Madison St. And Williams Chili was still being packaged on the west side of Madison.

Howard House built the new branch, which was patterned off a bank in Freistatt.

The grand opening in 1982 featured bank president George Spaeth cutting a ribbon of 10 $100 bills representing Webb City Bank’s 100th anniversary. Webb City Bank was established on Feb. 25, 1882. Doris Peek was the first manager of the new branch.

Spaeth and a group of investors had purchased Webb City Bank in 1977. They later merged with other banks that Mid-Missouri Bank consolidated under one name in 2006.

At some point the Madison branch was remodeled, including the addition of a peaked roof.

Demolition of the existing branch office didn’t take long Monday.