Message From the CEO

As we enter the final quarter of 2022, our vision for the future remains optimistic, cautiously optimistic. The impact of COVID-19 appears to be diminishing and business patterns are improving. But, new challenges lie ahead. Namely, inflation.

The Federal Reserve is responsible for fighting inflation when it is deemed too high. A primary tool used in that fight is interest rates. As interest rates are increased, our economy reacts by slowing. This year we have experienced interest rate hikes like we have not seen in some time, and experts are closely watching for signs that interest rate change is delivering the desired effect, before triggering recession.

Our current interest rate environment is a welcome change for depositors, and borrowers are able to find rates which are in line with historic ranges.

The approaching future will have a direct impact on everyone, and Bank of Kirksville is here to help whenever possible.  We remain committed to delivering high level service in support of our deposit and loan products!

Bank of Kirksville, a community bank driven by a “Commitment to Excellence” since 1914.

Best regards, stay safe and well!