Adams Dairy Bank

Adams Dairy Bank Announces Homegrown Promotion

cfisher — Wed, 04 Jan 2012 16:08:47 +0000

Blue Springs Native, Kevin Vogt Promoted to Controller

BLUE SPRINGS, MO. (January 3, 2012)– Adams Dairy Bank, a local Blue Springs bank announces the promotion of Kevin Vogt to controller. A Blue Springs native, Vogt first started with Adams Dairy Bank as a credit analyst in 2008 and since held the position of accounting officer, and now controller. (Read More)

Small Business Roundtable with State Treasurer Clint Zweifel

cfisher — Wed, 09 Nov 2011 12:38:29 +0000

Missouri State Treasurer Clint Zweifel recently held a Small Business Roundtable at Adams Dairy Bank.

The event was well-attended by customers and small business owners in the eastern Jackson County area. We appreciate Treasurer Zweifel’s efforts to listen to small business owners in our community.

(Photo L-R) David Chinnery, Adams Dairy Bank President and CEO, Randy Sallee, owner of Sallee Homes and Treasurer Zweifel.

David’s Two Cents: It Takes A Community to Raise a Bank

cfisher — Fri, 14 Oct 2011 20:32:52 +0000

It occurs to me that the term community bank needs to be redefined a little bit. Let me be the first to suggest what it means to truly be a community bank.

All too often a bank will open its doors in a neighborhood or city and immediately call itself a community bank. As if simply by saying so, makes it true.

Perhaps we were a little guilty of that belief back in 2008 when we opened Adams Dairy Bank. We believed that by opening our doors in a prominent location, seeking local shareholders and board members and staking our flag in the ground we could call ourselves a community bank with no reservations.

What we’ve learned over the years is that becoming a community bank isn’t what happens when you open the doors; it’s what happens in the coming months and years that determine your stature in the community.

Today, nearly four years later, we have earned the right to be called a community bank – as determined by our customers and neighbors who rightfully should decide who truly serves the community.

So what’s my definition of a community bank? Perhaps it’s less about defining words and more a collection of definitive actions:

Since 2008 we have become 100% locally owned, making local decisions that positively impact our community.
The vast majority of the dollars invested in our bank turns around and goes back into our local community in the form of loans for families and businesses.
We have local relationships with customers, vendors and suppliers – that create other local relationships, ultimately creating jobs.
We hire friends, family and friends of friends and family, all in our local community.

We have and will continue to support our iconic institutions by serving on boards and donating time and resources.

And every so often you’ll find us simply grilling hot dogs in the parking lot – having lunch with anyone who stops by to say hi.

Nearly every day one of our customers refers us to a neighbor or friend that eventually becomes an Adams Dairy Bank customer. To us, that is the ultimate definition of a community bank. We thank you for that.

GET ME OFF THIS ROLLER COASTER

cfisher — Fri, 14 Oct 2011 20:21:32 +0000

Over the past two months the fluctuating stock market is creating nervousness among investors both institutional and individual. The general economy is reacting to the dramatic ups-and-downs of the market as if riding a roller coaster for the first time. It’s enough to make you queasy.

Savvy investors don’t experience as much motion sickness as others because, as a rule, they follow the old adage; don’t invest in the stock market, invest in companies.

Where you invest your money is just as important as whom you invest your money with.

Historically the most successful investors have not tried to time the market; instead they dig deep, looking for the best investments for that period of time. As dark as the market outlook may seem, there are still companies succeeding every day.

Smart investors also know that a bumpy ride due to market volatility is softened by investing in more stable investments like Certificates of Time Deposit (CDs) and Money Market accounts. And like choosing the right stocks for your portfolio, not all CDs or Money Market accounts are alike.

A wise investor will carefully choose these more stable investment instruments based on a number of factors including a close review of the institution serving them. An important part of choosing to invest in a CD or Money Market account would be to understand the bank behind the investment.

When choosing to invest in a stock it’s typical to consider a company’s leadership, philosophy and operating condition. The same should be true for the bank you select when purchasing investment tools like a CD. While interest rate is a very important factor, it’s not the only factor in making a safe, secure investment.

At Adams Dairy Bank we have safe, secure investment vehicles for you, your family and business. We invite you to sit down with us to understand the products we offer but more importantly, to understand our philosophy when it comes to investing for the future.

Regardless of the stock market’s performance over the coming months and years, rest assured that everyone at Adams Dairy Bank will do their part to help our community smooth out the bumpy ride.

No Debit Card Fees

cfisher — Fri, 30 Sep 2011 16:49:30 +0000

Recently, Bank of America announced plans to start charging customers a $5 fee in any month that they use their debit card to make a purchase. A number of banks in addition to Bank of America have either rolled out or are testing such debit card fees.

Adams Dairy Bank does not charge fees for debit card usage. We never have in the past and have no intention to charge debit card fees.

That’s just one of the many differences between a true community bank like Adams Dairy Bank and a big national bank.

A fee for using debit cards is still a novel concept for many consumers and was unheard of before this year. But there are signs it may soon become an industry norm among large bank groups.

So why doesn’t Adams Dairy Bank charge debit card fees?

Simply put, our business model is different as a community bank. Deposits in our bank become loans to our customers. The interest paid on those loans is our primary source of income. It is not our intention to make service fees a revenue stream.

Free checking, free debit cards and other services are part of the benefit of being an Adams Dairy Bank customer. It is our cost of doing business and sometimes those costs can be significant. Debit cards have administrative, processing and other costs that our bank absorbs. But this is the right thing to do for our customers.

While Bank of America and other major banks continue to add fees, most notably, debit card fees, we will do our best to keep our costs low and our service delivery high. So remember, when you bank with Adams Dairy Bank there are no debit card fees – Nothing. Nada. Zip.