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Banking in the Columbia Area
Columbia is one of the larger cities in Missouri outside of St. Louis and Kansas City, and also is home to the University of Missouri. The city is growing rapidly, with an estimated current population of about 117,000. The larger metropolitan area, which includes Moberly, Mexico, Centralia and other small cities, has about 170,000 people.
Although Columbia is mostly known as a university town, it does have a rather robust finance industry with a strong insurance presence. Banking is not a major industry in Columbia, but there are more than 40 banks and 15 credit unions with their headquarters in the Columbia area. Among the notable banks that are based in the area are Central Bank, which is in Jefferson City, Landmark Bank, N. A., Central Bank of Boone County, Hawthorn Bank, and Providence Bank. Central Bank of Boone County, which was established in 1857, is the oldest bank still operating. Overall, counting national and regional banks that have a presence in the area, Columbia has over 70 banks and 20 credit unions with a total of nearly 280 branches.