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Community Bank of the Midwest loans review

This Kansas bank is being acquired by Peoples Bank and Trust.

Peoples Bank and Trust is in the process of acquiring this central Kansas bank. Consider waiting until the transition is over before you take out a loan.

Commercial loans, agriculture loans, consumer loans, residential real estate loans

Types of loans available


Online applications


Types of loans availableCommercial loans, agriculture loans, consumer loans, residential real estate loans
Online applicationsNo
Number of branches5
Branch hoursVaries by branch
Customer service hours24/7
Customer service optionsPhone, online form
Mobile appNo
Routing numberNot stated

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Community Bank of the Midwest offers the traditional personalized experience you might expect to see decades ago. While its website seems fine, it offers very limited information. And unlike most community banks, it doesn’t have a mobile app.

But this could all change soon. Peoples Bank and Trust is in the process of acquiring this five-branch bank, which could mean different products and technology will be available. It could also spell a different experience.

This could still be a good choice for businesses that are looking for a long-term personalized financing relationship. But you might want to hold off until after the dust has settled on the Peoples Bank and Trust takeover.

What is Community Bank of the Midwest?

Community Bank of the Midwest is a small lender with five branches across Central Kansas. You can find locations in Barton, Ness and Rush Counties. Being a rural bank, it specializes in serving the agricultural industry, though other types of businesses can benefit from its local expertise.

Types of loans available

Community Bank of the Midwest doesn't offer the specifics on the financing programs available. But generally, you can find your standard business financing options for working capital, buying equipment or vehicles, real estate financing and other business needs. It also offers loans backed by the Small Business Administration (SBA), though it doesn't specify which programs.

You can also find personal loans and car loans with this bank, as well as your standard mortgages and home equity loans.

Agriculture loan programs

Community Bank of the Midwest has a separate loan program for businesses in the agriculture industry. You can find options to buy real estate and cover farm operating expenses. It also offers financing to buy farming equipment, finance livestock purchases and more.

Specialized lending programs like this one can be beneficial because it also gives you access to expert advice from people familiar with your industry — making it an especially good choice for the agriculture industry.

How borrowing works

Like with most local banks, all applications are done in person at Community Bank of the Midwest. You can get started by contacting your local branch to set up an appointment.

Usually your banker will ask you to come in with financial statements, balance sheets and tax returns to get started. The point of the first meeting is to get to know your business so they can give you an idea of the types of financing they might be able to offer.

The whole process can take a few weeks at least. But ideally, you'll be working with someone who has experience financing your industry and can give expert advice.


  • Specialized financing for agriculture
  • SBA loans available


  • About to be acquired by Peoples Bank and Trust
  • Little information about financing options online
  • No mobile app

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Community Bank of the Midwest reviews and complaints

Community Bank of the Midwest doesn't have any online reviews or complaints from customers or employees. You can find out what to expect from this bank by talking to other Kansas business owners who have worked with it. Since Community Bank of the Midwest is being acquired by Peoples Bank and Trust also ask about customer experiences with that bank.

More products available at Community Bank of the Midwest

If you plan on borrowing from this bank, you might want to consider signing up for the following products:

  • Business checking accounts
  • Credit cards
  • Gift and TravelMoney cards
  • Personal CDs
  • Personal checking and savings accounts
  • Personal money market accounts
  • IRAs

Branch information

Here's how to get in touch with Community Bank of the Midwest's branches:

Great Bend branch

  • Address: 2220 Broadway, Great Bend, Kansas 67530
  • Phone: 620-792-5111

Dillons branch

  • Address: 4107 Tenth Street, Great Bend, KS 67530
  • Phone: 620-792-5071

Otis branch

  • Address: 112 South Main Street, Otis, Kansas 67565
  • Phone: 785-387-2241

Ness City branch

  • Address: 210 South Kansas, Ness City, Kansas 67560
  • Phone: 785-798-3950

Ellinwood branch

  • Address: 211 East Santa Fe, Ellinwood, Kansas 67526
  • Phone: 620-564-3700

Community Bank of the Midwest history

Community Bank of the Midwest can trace its roots back to Collyer State Bank, which was founded in 1906. It changed its name to First National Bank of Collyer in 1920, then First State Bank of Wakeeney in 1963. It finally became Community Bank of the Midwest when it changed ownership in 1997.

It's slated to change ownership again, when it completes its merger with Peoples Bank and Trust. The coming merger was announced in March 2020 and was set to be completed soon after. But it appears that COVID-19 has slowed down the process.

To compare even more options, read our guide to business loans.

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