St. Louis Area News
Analysis: Missouri banks weathering financial crisis better than industry
06:20 AM CDT on Friday, June 19, 2009
COLUMBIA — Cindy Wells likes to approve loans the old-fashioned way.
“Before we lend money to a farm, for example, we go out in our mud boots and count the cows and pigs,” said Wells, the assistant vice president for Glasgow Savings Bank in Glasgow, a Missouri River town northwest of Columbia.
It’s a practice that hasn’t changed much since the bank accepted its first deposit in 1852.
“We get to know our clients personally before we make a loan,” said Margie Aholt, vice president of the bank.
Read full story at the Columbia Missourian.
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