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mobank News

mobank Remains Strong By Focusing on Right Size.

Tuesday October 15, 2013

mobank remained 11th on the list of Kansas City area-based commercial banks ranked by total assets for second quarter 2013, according to the Kansas City Business Journal on Sept. 20.

The Business Journal's list, based on reports that all banks make to regulators, showed that mobank had the lowest percent of problem loans of any Kansas City-area bank with $150 million or more in assets.

“With activities such as our small business course and otherwise cultivating our customers, we remain a partner and a contributor to their success,” said Grant Burcham, president and CEO.

Second-quarter assets were $615.3 million, down 1.71 percent from the first quarter. But asset size and ranking are not important factors to mobank, Burcham said.

“We serve a core of local, innovative and often complementary small businesses," he said. "Being the right size for customer success is our focus, not hills and valleys caused by fluctuating deposits."

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