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Bank of Missouri closes Martinsburg Bank and Trust acquisition

Bank of Missouri on Feb. 12 closed its acquisition of Martinsburg Bank and Trust, according to a blog post on the buyer's website.

Bank of Missouri, a subsidiary of Perryville, Mo.-based Reliable Community Bancshares Inc., had $1.39 billion in assets at the end of 2017. Mexico, Mo.-based Martinsburg Bank and Trust, a Martinsburg Bancorp Inc. subsidiary, had $191.6 million in assets.

Martinsburg Bank and Trust's staff members and branches were all retained; the combined company now has 32 banking locations and $1.7 billion in assets.