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EXCELBANKCUST |
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Welcome to Excel Bank.
We are a full service bank, serving Sedalia and Lee's Summit, Missouri areas. We have four locations to better serve you. We offer progressive and innovative products and services. We would like to thank all of our current customers and ones of the future for making us who we are today. We at Excel Bank believe customer service is our number one priority. If we can assist you in any way, please give us a call or stop by any one of our convenient locations. Excel Bank is here for you!
Our Mission Statement:
"Our mission is to cultivate a passionate, professional staff to deliver exceptional customer service and products that exceed customers' expectations."
As you continue browsing through our web page, we hope you learn more about Excel Bank and surrounding communities. We look forward to hearing from you.
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EXCESSIVE OR LUXURY EXPENDITURE POLICY
Investors Financial Corporation of Pettis County, Inc. (the “Company”) is a participant in the TARP Capital Purchase Program of the U.S. Treasury Department (“Treasury”). In connection with that participation, the Company has adopted this Excessive or Luxury Expenditure Policy (this “Policy”).
In addition to the Company’s general policies and procedures on the payment and reimbursement of business expenses incurred by employees and directors in the course of conducting the Company’s business, extended oversight is necessary to ensure that employees and director expenses paid are not excessive. The purpose of this Policy is to identify excessive expenses by employees or directors and to prevent the Company from paying excessive expenditure amounts.
Monitoring Procedure for Identifying Excessive Expenses. Any business expense of a Company employee or director described below must be approved by the Company’s Board of Directors prior to payment or reimbursement by the Company:
1. Any expenditure for the purpose of entertainment or events in excess of $10,000.
2. Any expenditure for office or facility renovations in excess of $10,000.
3. Any expenditure for aviation or other transportation services in excess of $10,000.
4. Any expenditure that, in the opinion of the supervisor who should be required to approve such expenditure, may not be reasonable in the normal course of the Company’s business operations.
5. Any other expenditure identified by Treasury or bank regulatory authorities as an excessive or luxury expenditure.
Prohibition on the Company Paving excessive Expenses. The Board shall not approve the amount of a payment or reimbursement request that is determined by the Board, in its sole discretion, to be excessive, which determination may be based on the following:
1. The expenditure amount does not provide any legitimate business benefit for, or facilitate any legitimate business activity of, the Company; or
2. The expenditure materially exceeds the normal cost to procure comparable goods or services sufficient to meet the Company’s business needs addressed by the purchase.
The determination of whether any expenditure is excessive may also be based on other factors deemed appropriate by the Board.
The Board, in its discretion, may approve only a portion of a request for payment or reimbursement if it determines the unapproved amount to be excessive, in which case the unapproved portion of the request will be the responsibility of the employee or director to pay personally.
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