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Welcome
First Missouri State Bank is a locally chartered, family-owned bank committed to providing the highest quality banking products and personal service to each individual and business that we serve. We do banking the old fashion way while also incorporating modern technology. We believe that a bank with a management team and associates committed to the community can better serve our customers. We are a full service banking institution offering products tailored to meet the specific needs of Cape County and the surrounding areas. We offer consumer, commercial, construction, and mortgage loans as well as a variety of traditional depository accounts. First Missouri State Bank has locations in Cape Girardeau and Jackson.
The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category.
The FDIC’s temporary Transaction Account Guarantee (TAG) Program provides depositors with unlimited coverage for noninterest-bearing transaction accounts at participating FDIC-insured institutions. Noninterest-bearing checking accounts include Demand Deposit Accounts (DDAs) and any transaction account that has unlimited withdrawals and that cannot earn interest. Also included are IOLTA accounts (regardless of the interest rate) and NOW accounts that do not earn more than 0.25% interest. This unlimited protection is only available at insured depository institutions that continue to participate in the TAG Program. The program is temporary and will remain in effect through December 31, 2010, unless extended by the FDIC.
Beginning December 31, 2010 through December 31, 2012, deposits held in noninterest-bearing transaction accounts will be fully insured, regardless of the amount in the account, at all FDIC-insured institutions.
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