Market Overview

RISING BANK, New Digital Bank Created by Midwest BankCentre Launches Today, Offering Exceptional Interest Rates, Customer Service and Easy-to-use Digital Banking Platform

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ST. LOUIS, Feb. 4, 2019 /PRNewswire-PRWeb/ -- Rising Bank, a new digital bank devoted to providing consumers with convenient access to market-leading financial products with some of the most competitive interest rates available, launched today. As a division of Midwest BankCentre, a well-established and trusted bank founded in 1906, Rising Bank has a firm foundation in traditional banking. The St. Louis, Missouri-based bank has built a solid reputation over the past 112 years as a forward-thinking community bank that offers excellent customer service and innovative solutions. By creating Rising Bank, Midwest BankCentre is strategically positioned to meet customers' needs as the banking industry continues to evolve in an increasingly digital world, as well as the bank's future growth prospects.

Designed to deliver an intuitive and easy-to-use digital banking experience, Rising Bank provides state-of-the-art cyber security for users across all Internet-connected devices, including smart phones, tablets and computers. Customers can easily open a new account in less than five minutes, and all Rising Bank accounts are FDIC-insured up to $250,000 per individual account and up to $500,000 per joint accounts.

"The Rising Bank team is focused on a range of innovations and improvements in the Banking process, as we work to make the community banking experience digital," says Midwest BankCentre CEO Orvin Kimbrough. "At Rising Bank, our work is all about transforming lives through banking—offering a seamless customer experience that helps clients accumulate wealth over the long-term."

Both the Rising Bank website and online account portal are easy to navigate and offer resources for customers to increase their financial knowledge and expertise.

Rising Bank will initially offer a range of Certificates of Deposits (CDs) and High Yield Savings Accounts. The Rising Bank 18-Month CD allows savers to secure a high interest rate when the account is opened, and enables account holders to secure a higher interest rate, should interest rates rise over the life of the CD. Account holders can capture the higher interest rate and add dollars to their CD account once during the 18-month term.

"The financial products and market-leading rates quoted by Rising Bank speak for themselves," says President Dale Oberkfell. "What we believe will really delight customers is the extent to which we've created a digital bank that will satisfy their need for a top-notch set of financial products, great interest rates, and a seamless digital experience."    

For more information, visit https://www.risingbank.com.

About Rising Bank
Rising Bank is a digital bank devoted to providing consumers with convenient access to market-leading financial products that offer some of the most competitive interest rates available. As a branch of Midwest BankCentre, Inc., a well-established and trusted bank founded in 1906, Rising Bank has a firm foundation in traditional banking. Designed to deliver an intuitive, easy-to-use banking experience for customers in an increasingly digital world, Rising Bank provides state-of-the-art cyber security for users across all Internet-connected devices, including smart phones, tablets and computers. Customers can easily open a new account in less than five minutes and all Rising Bank accounts are FDIC-insured up to $250,000 per individual account and up to $500,000 per joint accounts.

Media Contact:
Bill Doscas
Bill@xpertsavers.com
917-744-4555

SOURCE Rising Bank

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