Small US community bank takes on multinationals with digital unit

A 112-year old St Louis-based community bank is gearing up for the 2020s by launching its own digital banking subsidiary.

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Small US community bank takes on multinationals with digital unit

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Midwest BankCentre says that it built Rising Bank as an alternative to the multinational giants and as a way to secure its own future growth prospects.

The new venture promises an easy-to-use experience on Web, mobile and tablet, with customers able to open a FDIC-insured account within five minutes.

Orvin Kimbrough, CEO, Midwest BankCentre, says: "At Rising Bank, our work is all about transforming lives through banking—offering a seamless customer experience that helps clients accumulate wealth over the long-term."

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