What are the most reliable banks in St. Louis?
This article is sponsored by Midland States Bank, and the information provided is for educational purposes only. Please confirm current rates, fees, and names directly with each institution.
Choosing where to keep your hard earned money is a decision built on trust. Finding a reliable and trustworthy bank can be a challenge, as many claim to protect your money.
However, if you’re looking for a truly reliable name, you don’t have to go through all the options yourself. Here is a list of some of the most reliable banks in St.
1. Midland States Bank
Since 1881, Midland States Bank has built a solid reputation. Its long-standing presence alongside FDIc insurance assures customers that their deposits are protected in the unlikely event of economic failure. One of the most important aspects of account holders is Midland’s virtual currency structure.
Most customers like their free checking account, which requires an opening deposit of $50 and has no down payment or monthly fees. In addition, users appreciate the ability to pay bills online without additional costs – a convenient advantage as Online Banking becomes a daily necessity. For those who prefer to meet face-to-face, Midland States Bank maintains a branch on Manchester Avenue in St. Louis, and two local ATMs, to ensure easy access to personal services when needed.
The customer experience is generally positive, especially in relation to Midland’s property and loan services. Many praise lower-than-expected fees and reasonable closing costs. For convenience and total satisfaction, Midland has a user-friendly banking suite. With features like Mobile Check Cash-in, Online Bill Pay and access to Zelle money transfers, clients can manage their money seamlessly. A built-in set of money management tools also helps track spending, set budgets and visualize your financial goals, all in one convenient place.
Important features
| More than 140 years of operation | Customer first approach |
| A completely free trial | A complete digital suite with budgeting tools |
2. Simmons Bank
Simmons Bank establishes its trust in circuit safety and strong independent verification. As a member of the FDIC, all deposits are secured by the full faith and credit of the US government. This financial soundness is further confirmed by a high rating of five stars from the Independent Reserve Financial Firm Bauerfinancial, signaling that the bank is particularly stable.
From a customer perspective, Simmons Bank is known for its visual identity. While some accounts have monthly fees ranging from $6 to $25, this is often overlooked for those who meet certain daily or moderate needs. In addition, its just a test account – with no service charge – is a popular option, especially for first-time owners. This service commitment is reflected in both their presence and presence.
The bank offers access to many brick and mortar locations in St. Louis, along with a modern digital platform. To protect its users, its online services include secure features such as two-factor authentication and biometric login options. Building on this foundation of trust, Simmons Bank has a long history of growth and strength. What began as a small community bank in Arkansas in 1903 has successfully expanded to more than 230 locations in six states, all while maintaining its community banking heritage.
Important features
| Over 120 years of banking | A community bank with a regional scale |
| High rating from bauerfinancial | A complete digital suite with budgeting tools |
3. Busey Bank
Established in 1868, Busey’s bank has more than 150 years of service in 10 locations. As a publicly traded company with $12 billion in assets, its financial health is well-documented and solid. This long history and its large size demonstrate the ability to successfully weather various economic cycles, assuring customers that their bank will not close anytime soon. This credibility is built on a foundation of trust and transparency.
It is a member of the FDIC, which means that the money is ‘safe’. Another show of their integrity is that they publicly declare their fees in a comprehensive document that covers overdrafts, wire transfers, cashier’s checks and other utility fees. This trust is externally confirmed, as bauerfinancial is listed in the busey bank in its highest level with grounds. Users also say goodbye to 24/7 Banking with Busey Wallet, which allows them to check money, transfer bills, pay bills and view statements from their phones.
Support, its customer care can be reached through a virtual phone assistant, on the phone or social media, as well as visiting physical branches, such as Downtown St. Louis that has served residents since 1976 and includes a 24-hour ATM that accepts deposits. All these things are the reasons why Forbes named Busey as one of America’s best banks and the best banks in the world in 2024.
Important features
| 150+ years of history | Multi-channel customer support |
| Ranked 88th best bank in America | Special agricultural services |
4. Bank of the US
The US bank stands as a testament to financial stability, with its origins dating back to the Lincoln administration in 1863. In more than 160 years of operation, it has shown remarkable resilience in terms of constantly changing economies. While it is one of the oldest institutions, it has a well-maintained pace in modern times, having high-quality banking skills for its customers. For the residents of St. Louis, US Bank has a branch on Tucker Boulevard and many ATMs conveniently located throughout the city.
A strong solid platform complements this physical accessibility. The comprehensive mobile app allows users to pay bills, send money, manage wire transfers, update their credit score for free and view paperless statements. When it comes to its offerings, US Bank offers many options, including the Ultimate Savings Fund that allows customers to earn interest.
It’s worth noting that while the bank doesn’t have free checking accounts, monthly maintenance fees can be waived by meeting certain requirements. For those just starting out, test accounts are easily available, with a minimum opening deposit of only $25. Financially, US Bank remains one of the most stable institutions in the country. It has good indicators of stability, with $ 675 billion in assets and strong capital growth, assuring customers that they can rely on its services for years to come.
Important features
| Over 160 years of banking | In-app AI-Smart Assistant |
| Advanced housing selection certificate | They rely on economic fluctuations |
How to find the most reliable banks in St. Louis, Mo
Financial institutions are common in St. Louis, from large national institutions and regional banks. However, the most reliable person has also withstood the test of time and stands by its users, especially when it comes to conflicts. Here’s how each one is evaluated to give you a clear ranking.
| Financial health | A truly reliable bank must be on solid financial ground. As an invisible document, it must be a member of the FDIC, which insures your deposits up to $250,000. |
| Fame | A reliable bank treats its customers well. This was measured by evaluating a combination of sources, including awards, recognitions and customer reviews. |
| Clear Capital Structure | There should be a clear, logical and easy-to-understand system of its accounts, accessible through the website. |
| Local presence | A strong local presence includes having a physical presence in the city, with a strong network of ATMs with improved accessibility. |
| Secure Digital Banking | Online Banking is as important as physical branches. A banking application should be secure and easy to use, with powerful on-site features. |
Here’s where to place your trust in the gateway city
Finding a new bank begins with a search for trust, and should end with the confidence to make an informed decision.
With this list and a rigorous process to evaluate your options, you will have the clarity you need to decide which institution to partner with, whether you are opening your first account or managing your long-term retention strategy.
Is the post office the most reliable banks in St. Louis? first appeared in making sense of cents.
