Meow is a financial technology company, not a bank.
Meow Technologies, Inc.
Meow is a financial technology company, not a bank.
Meow helps businesses in Missouri apply for a high-interest business checking account from FirstBank, a Tennessee corporation; Member FDIC.
If your business is approved for a business checking account offered by FirstBank, a Tennessee corporation; Member FDIC, through Meow, you can access: | |||||
---|---|---|---|---|---|
Up to 5.02% | |||||
Check issuance, depending on the partner bank (see our terms) | |||||
Spend controls that allow you to set an "initiator" and "approver" for any wire or ACH transaction from our partner banks | |||||
Accounting integrations to Quickbooks, Xero and NetSuite | |||||
Multi-entity and multi-user accounts |
This table shows an overview of some financial health metrics for the top 5 community banks in Missouri ranked by total deposits. This data is sourced from the Federal Deposit Insurance Corporation's (FDIC) BankFind Suite. The table shows data as of 12/31/23.
Bank Name | Year Founded | Branches | Total Deposits | Net Interest Margin | Return on Assets | Loan to Deposit Ratio | |
---|---|---|---|---|---|---|---|
First State Community Bank | 1954 | 57 | $3.39b | 4.10% | 1.29% | 66.6% | |
The Bank Of Missouri | 1891 | 30 | $2.38b | 3.19% | 1.09% | 60.2% | |
Midwest Bankcentre | 1906 | 18 | $2.30b | 3.89% | 0.86% | 71.2% | |
Oakstar Bank | 2005 | 23 | $1.99b | 0.83% | -8.71% | 198.4% | |
Guaranty Bank | 2008 | 14 | $1.77b | 0.31% | -1.44% | 72.9% |
*Source: Federal Deposit Insurance Corporation's (FDIC) BankFind Suite for reporting period ending 12/31/23
Total Deposits: Deposits are the primary source of liquidity for a bank. They are used to fund loans and other investments, which generate income for the bank. A higher amount of deposits indicates a greater capacity to lend and invest, which can lead to higher profitability.
Net Interest Margin: A key profitability indicator for banks. It measures the difference between the interest income generated by the bank (from loans and other interest-earning assets) and the amount of interest paid out to their lenders (such as depositors), relative to the amount of their interest-earning assets.
Return on Assets: Measures the efficiency of a bank in using its assets to generate profit. It is calculated by dividing the net income of the bank by its total assets. A higher return on assets indicates that the bank is more efficiently managing its assets to produce income.
Loan to Deposit Ratio: Calculated by dividing the total loans and net leases of the bank by its total deposits. A higher ratio indicates that the bank is lending out more of its deposits, which can lead to higher profitability. However, a higher ratio also indicates that the bank has less liquidity to meet its obligations to depositors.
Click the button below to apply for a business checking account from FirstBank, a Tennessee corporation; Member FDIC.
For more information, take a look at our article on the key benefits of business checking accounts.