John D. Zimmer, President & CEO of HNB National Bank (HNB Bank) headquartered in Hannibal, announces the purchase of Farmers State Bank of Stanberry, Missouri. The sale is contingent upon the approval of Federal regulators which could take 45 to 60 days.
The acquisition of the Farmers State Bank of Stanberry by HNB Bank brings HNB’s holdings to 14 branches across Missouri.
"We are very excited about becoming part of the Stanberry community," Zimmer said. "Most of our branches are in rural communities and we are very committed to serving the agriculture and consumer lending needs of the communities we serve."
HNB Bank intends to maintain the same familiar atmosphere of the Farmers State Bank and plans to retain the current banking staff including Karl Frederick, current president of the bank. He will serve in an advisory or consultant position for a period of time.
"The bank building in Stanberry is a beautiful building that almost has a museum quality to it. There are many antiques and artifacts from the history of Stanberry on display in the bank. The bank was founded in 1929 and there is a 1929 Model A Ford Roadster on display in the bank lobby. The woodwork throughout the bank was handcrafted by the Amish," Zimmer said. "The bank itself is a very conservative small town bank that has served the community well for 87 years. We look forward to carrying on and improving this tradition."
HNB Bank specializes in providing financial solutions for customers by offering a full line of banking services including loan and deposit products as well as trust and investment services.
HNB Bank was originally organized in 1888 as the Bank of Hannibal, Missouri. Its corporate headquarters remains located in the same building on Main Street in downtown Hannibal. In 1903, the bank applied for and was granted a national charter and became Hannibal National Bank. As the bank continued to grow and serve additional markets throughout Missouri, they officially became HNB National Bank in 2003.