Organizers of a proposed bank in Carthage, Mo., plan to raise $25 million of initial capital.
Four States Bank would start with three branches – two in Carthage and one in nearby Joplin, Mo., according to organizers’ application with the Federal Deposit Insurance Corp.
The bank would have 11 directors: Gary Metzger, Jeffrey Williams, Carter Peters, Garry Robinson, Brian Williams, Jerry Ross, Steven Simon, Stephanie Stenger, Patrick Scott, Logan Aguirre and J. Ryan Hamilton.
Jeffrey Williams will serve as Four States’ president and CEO, while Metzger will serve as chairman. Peters is expected to serve as chief financial officer and chief operations officer, and Cheryl Holyfield is set to become chief credit officer. The chief information officer would be Nick Lofaro.
Williams was Joplin region president at Guaranty Bank, according to his LinkedIn profile. Peters was CFO at Guaranty Federal Bancshares from August 2005 to May 2022, according to his LinkedIn profile.
Guaranty Federal was sold to QCR Holdings in April 2022.
Four State eventually plans to expand Arkansas, Kansas and Oklahoma.