The Missouri Single Bank Pooled Collateral program allows a participating banking institution to aggregate its total public deposits and to pledge collateral against its entire portfolio of public deposits rather than per entity. MBA Bankers Service Corporation has been appointed by the Missouri Division of Finance to administrate the program by collecting, confirming and reporting bank compliance with mandated pledging requirements monthly. Collateral is pledged to MBA Service Corp. instead of the banking institution.
“MBA is honored to accept this appointment and is looking forward to serving the Missouri banking industry and local governments with this innovative program to ensure greater security and transparency for public funds and to lower costs and create efficiencies for financial institutions and their public fund customers,” said MBA President and CEO Jackson Hataway.
MBA Operations Specialist Joyce Kennedy is the program’s dedicated administrator, and she is supported by MBA General Counsel Keith Thornburg and MBA Executive Vice President Janet Roling. MBA staff have decades of relevant experience administering service programs for financial institutions, as well as the legal requirements for the safe investment and banking of public funds.
MBA will initiate the program in January 2026, enrolling financial institutions on a rolling monthly basis to ramp up the program. MBA staff also will present free online and in-person education for the SBPC program for public officials and public fund professionals, including public fund auditors and bank examiners.
For More Information
Contact Program Administrator Joyce Kennedy at 573-636-8151.