Springfield Business Journal_2020-09-28

A m p l e I n d u s t r i e s Custom Pressure Sensitive Labels 417-725-2657 www.amplelabels.com 3D Virtual Proofing Digital & Flexo Printing Whether you need 10 labels or 10,000,000 we have the labeling solution for you! Full Service Label Design 40 · SBJ.NET SEPT. 28-OCT. 4, 2020 NEWS Banks: Great Southern holds 16.7% of market Continued from page 3 in the FDIC’s report represent real-life customers that we have the opportunity to serve. “We clearly understand that custom- ers have many choices, as we have many outstanding and vibrant financial insti- tutions serving the greater Springfield area.” The Springfield-based Great Southern Bank operator had $2.2 billion in MSA deposits as of June 30, representing a market share of 16.7%. Kansas City-based Commerce Banc- shares Inc. (Nasdaq: CBSH) was No. 2, with $1.5 billion in deposits as of June 30, for a market share of 11.1%. For years, Great Southern and Com- merce Bank alternated spots at the top, but the former company has held the No. 1 rank since 2017, according to past Springfield Business Journal reporting. The five banks at the top of the list held their positions from last year, with Great Southern and Commerce Bank followed by No. 3 Central Bank of the Ozarks, No. 4 Guaranty Bank and No. 5 OakStar Bank. Central Bank of the Ozarks’ MSA mar- ket share was 10.7%, with $1.4 billion in deposits as of June 30, according to the FDIC. The bank operated by Guaranty Fed- eral Bancshares Inc. (Nasdaq: GFED) reported $750.6 million in deposits for a 5.6% market share, and OakStar Bank recorded $673 million in deposits, repre- senting 5.1% of the market share. $10M approved for Highway 60 upgrades by SBJ Staff · sbj@sbj.net The U.S. Department of Transportation is providing nearly $10.4 million for a road- way and rail improvement project in Web- ster County. The overall plan calls for more than $132 million in upgrades to the U.S. Highway 60 corridor that travels through Diggins, Ford- land, Rogersville and Seymour, according to the master plan recommendations commis- sioned earlier this year for Webster County. The federal funding pays for a por- tion of the project, specifically one grade separation along the U.S. Highway 60 and BNSF Railway Co. corridor, as well as the closure of eight at-grade rail crossings, according to a news release. U.S. Sen. Roy Blunt, R-Missouri, a member of the Senate Appropriations Subcommittee on Transportation, Housing and Urban De- velopment, said the project is critical for southwest Missouri. “As highway traffic and rail freight have increased over the years, there’s a clear need for improvements to enhance safety and support continued economic growth over the long term,” he said in the release. Engineering firm Crawford, Murphy & Tilly Inc. conducted the master plan that was released in April for Webster County. The full project recommendations include the consolidation of 49 at-grade highway access points, eight full-access interchanges and one highway overpass. The April report did not identify a specif- ic funding mechanism to pay for the project. However, officials pointed to plans to seek local, state and federal funding throughout the 2020s. DEPOSIT LEADERS The Top 10 ranking deposit leaders in the local MSA held a combined $9.1 billion in deposits as of June 30. TOP 10 1. Great Southern Bank, $2.2B 2. Commerce Bank, $1.5B 3. Central Bank of the Ozarks, $1.4B 4. Guaranty Bank, $750.6M 5. OakStar Bank, $673M 6. Bank of America, $648.7M 7. Springfield First Community Bank, $564.7M 8. U.S. Bank, $512.6M 9. Simmons Bank, $443.8M 10. Old Missouri Bank, $421.4M Source: Federal Deposit Insurance Corp. provided by WEBSTER COUNTY More than $132 million in improvements are planned for the U.S. Highway 60 corridor in Webster County.