HERMANN —The Maries County Bank was honored Oct. 25 as the Lender of the Year by the Meramec Regional Development Corporation (MRDC) for its partnership efforts to bring jobs and private …
HERMANN —The Maries County Bank was honored Oct. 25 as the Lender of the Year by the Meramec Regional Development Corporation (MRDC) for its partnership efforts to bring jobs and private investment to the Meramec Region.
Mark Hayes, senior vice president of The Maries County Bank, accepted the award at Meramec Regional Planning Commission’s (MRPC) 2018 award dinner at Hermann Hill Wedding and Conference Center. Darlene Weber, president of MRDC, made the presentation.
The Maries County Bank and MRDC partnered on financing for the sale and renovation of Meramec Vineyard Winery and the expansion of Aging Made Easy, using MRPC’s Revolving Loan Fund. These two projects created and retained 57 jobs and together generated nearly $600,000 in new investment in these businesses, according to MRPC.
The Maries County was founded in August 1900 and opened its first bank in Vienna on Sept. 1, 1900. The bank has nine locations including the communities of Argyle, Dixon, Belle, St. James, Vichy, Owensville, St. Robert, Richland and Iberia.
MRDC, an SBA Certified Development Company, partners with local banks to provide gap financing for the SBA 504 program. MRDC also serves as a loan review board for MRPC-owned revolving loan funds. MRPC provides the staffing for MRDC.