Nodaway Valley Bank

Comprehensive Review of Nodaway Valley Bank: A Deep Dive into Services, Rates, and Customer Satisfaction.

Nodaway Valley Bank, established in 1868 and headquartered in Maryville, Missouri, stands as a testament to enduring financial service and community commitment. With assets totaling $884 million and deposits of $738 million, this medium-sized institution combines the charm of traditional banking with modern financial products and services. This article provides an in-depth analysis of Nodaway Valley Bank's offerings, rates, service quality, and overall financial health.

Exceptional Banking Products and Services

Nodaway Valley Bank offers a comprehensive suite of financial products designed to meet the diverse needs of its clientele. The bank's product portfolio includes:

  • Savings Accounts: With a 0.15% APY, the bank offers a secure place for your savings, although it's worth noting that there are higher rates available in the market.
  • Checking Accounts: Catering to everyday banking needs with a modest 0.05% APY on certain accounts.
  • Certificates of Deposit (CDs): Offering competitive rates for various terms, allowing customers to lock in their savings for higher returns.
  • Money Market Accounts: Providing a balance between accessibility and interest earning, with rates up to 0.10% APY.
  • Credit Cards: A range of options to suit different spending habits and reward preferences.

Mermaid Diagram: Product Offerings

 

Competitive Rates and Fees

While Nodaway Valley Bank offers a fair savings rate of 0.15%, it's crucial for potential customers to compare this with the national average and explore other institutions for potentially higher returns. The bank's fee structure is generally above average, with specific charges such as a $3.50 out-of-network ATM fee and a $32.00 overdraft fee. Customers are encouraged to use Nodaway Valley Bank ATMs to avoid additional charges.

Unmatched Service Quality

Nodaway Valley Bank excels in customer service, providing multiple channels for customer interaction and support:

  • Physical Branches: With eight locations in Missouri, the bank offers personalized service and support.
  • Mobile and Web Apps: For convenient banking on the go, allowing customers to manage accounts, transfer funds, and access customer service.
  • Live Chat Feature: An innovative solution for real-time assistance during typical working hours.

The bank's commitment to service quality is reflected in its high consumer satisfaction ratings and positive feedback on its mobile app, which holds a 3.9 out of 5 rating.

Robust Financial Health

The bank's financial stability is evident in its excellent Texas Ratio of 0.81%, indicating a low probability of financial distress. Furthermore, as an FDIC-insured institution, customers can have peace of mind knowing their deposits are protected up to $250,000.

Conclusion

Nodaway Valley Bank merges the reliability of traditional banking with the efficiency of modern financial products and services. While its savings rates may not be the highest in the market, the bank's comprehensive product offerings, commitment to customer service, and strong financial health make it a worthy contender in the financial landscape. Prospective customers should consider their individual financial needs and preferences when evaluating Nodaway Valley Bank's offerings.

 

Historical Highlights

1868 – Just three years after the end of the Civil War, George S. Baker opens the first bank in Maryville, Missouri on the site of the present bank at 3rd and Main Streets.
1873 — James B. Prather and Theodore L. Robinson purchase the bank and re-name it Nodaway Valley Bank. A member of the Robinson family has been at the helm ever since.
1890 — Original banking house is razed and replaced.
1893 — NVB obtains a state charter, now the fifth oldest.
1934 — NVB joins the newly formed Federal Deposit Insurance Corporation.
1942 — NVB becomes one of the first banks in the area to hire an agricultural advisor.
1965 — NVB builds the first modern standalone drive-up facility in Maryville.
1966 — Second banking house demolished and replaced.
1973 — Second Maryville location opens at 1303 S. Main.
1989 — New facility opened in Hopkins, MO (no longer in operation).
1990 — New facility opened in Savannah.
1995 — New facility opened in St. Joseph.
2002 — Nodaway Valley Investment Services formed.
2003 — Acquired Heritage Bank of St. Joseph.
2007 — Acquired Exchange Bank of Mound City.
2018 — NVB celebrates 150 years of continuous service to northwest Missouri.
2020 — The bank’s financial resources top $1 billion.
2020 — New facilities opened in Platte City and Smithville.

 

 

 

 

 

 

 

 

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ADDRESS

1302 S Riverside Rd

Opening Hours

  • Monday

    Closed
  • Tuesday

    09:00 am - 05:00 pm
  • Wednesday

    09:00 am - 05:00 pm
  • Thursday

    09:00 am - 05:00 pm
  • Friday

    09:00 am - 05:00 pm
  • Saturday

    09:00 am - 05:00 pm
  • Sunday

    Closed