Matt Favazza, 50 Year Club, 2018Matthew A. Favazza

President — Chesterfield
Central Bank of St. Louis

Matt Favazza has been involved in the St. Louis banking community for 50 years. While attending Southern Illinois University in Edwardsville, Illinois, Matt worked as a clerk in the check collection department for the Federal Reserve Bank of St. Louis. As graduation approached, Matt was offered a position as a bank examiner for the Federal Reserve.

A few years later, Matt married his wife, Janet, and they wanted to start a family. Deciding that he didn’t want to be on the road raising a family, Matt joined Mercantile Trust Company. Soon, Matt had opportunities to work in correspondent banking and commercial real estate lending. During his 20-year tenure at Mercantile, Matt was promoted to vice president and senior vice president. Matt then joined Magna Bank as a correspondent banker. After working several years at Magna Bank, Matt joined Central Bank of St. Louis, where he has served as president of the bank’s Chesterfield location for the past 22 years.

Matt attended the Graduate School of Banking in Madison, Wisconsin, and completed the Executive Development Program at the Kellogg School of Management at Northwestern University in Chicago. He is a former chairman and board member of the Chesterfield Chamber of Commerce and a former board member of Habitat for Humanity – St. Louis.

In his spare time, Matt enjoys daily walks, following the stock market and reading fiction. Matt and Janet have been married for 44 years. They have three adult sons and three grandchildren, with another grandchild due in August.

Matt’s favorite part of working for the banking industry for 50 years has been …

working and building friendships with the owners, officers and employees of so many banks in Missouri and Illinois. Then as a commercial lender, I learned so much about various industries and met many successful business owners who I admire.

Matt’s advice to young professionals beginning their banking careers is …

you can’t learn everything overnight. Accept challenges; be optimistic; be positive; dress, look and act like a professional; accept responsibility; take the initiative; be committed; be reliable; get to know people in all areas of your bank; find a mentor; make your co-workers feel appreciated; have fun; keep up-to-date with technology; and treat everyone as you would like to be treated.