Notice to Our Valued Customers: Protect Your Personal Information

In order to help safeguard your personal information First Southern Bank will never ask you to provide sensitive account information or personal information via email or telephone. Be assured that First Southern Bank places top priortiy in protecting the security of our customer's personal information.  If you have any questions concerning this matter, please contact customer service at 618-549-3621.  Please see below additional suggestions to help keep your personal information safe.

  • know who you share information with
  • store and dispose of your personal information securely
  • ask questions before deciding to share your personal information
  • maintain appropriate security on your computers and other electronic devices

 

 

 

 

 

Top Community Banks Join Forces for Strategic Merger

Southern Illinois      December 11, 2013

Midwest Community Bancshares, Inc., the holding company for The Bank of Marion and First Southern Bancshares, Inc., the holding company for First Southern Bank jointly announce today the signing of an agreement for a strategic merger to create one of the top community banking franchises in southern Illinois.

“The combination of our banks will result in one of the largest mergers between two community banks in southern Illinois with combined assets of over $600 million and 13 locations, with key market shares in Williamson, Jackson and Saline counties”, stated Ray Altmix, President and CEO of The Bank of Marion.

“We both strongly believe in the community banking model of high level customer service while providing the most current and efficient products and services for our customers”, said John Dosier, President and CEO of First Southern Bank.  “We look at southern Illinois as one region and feel that our vision of a larger network of southern Illinois owned, locally managed banks will enhance our opportunities to better serve our customers and our communities.”

“The merger will combine the best of both companies.  The proposed Board of Directors will include all current directors of both holding companies, with Dutch Doelitzsch serving as Chairman of the Board of the new company and bank boards, Ray Altmix as the Chief Executive Officer, and John Dosier as President.  We have great officers and employees at each bank and plan to retain everyone.  We will operate as First Southern Bank, a name that fits our new growth strategy and southern Illinois focus”, added Dutch Doelitzsch.

The merger is subject to shareholder and regulatory approval. Further information will become available upon completion of the proposed transaction.

For more information on this merger contact:

The Bank of Marion, Ray Altmix             618-997-4341     rayaltmix@bankofmarion.com

First Southern Bank, John Dosier           618-549-3621     john.dosier@firstsouthernbank.net

Why First Southern Bank?

You have many choices for your banking needs and First Southern Bank realizes that we must earn the right to be your bank of choice. We take great pride in our customer service and combining that with the fact that we are a locally owned and managed Southern Illinois bank allows us to feel comfortable in asking to be your bank. We can offer you the latest financial products with quick responses to your financial requests. First Southern Bank is also committed to our communities in which we live. We have strong personal as well as business ties to the communities we serve. Our management group represents over a century of combined, trusted financial experience in Southern Illinois and we look forward to earning the right to be your bank.

For Shareholder inquiries please contact Kristina Scott, SVP and CFO at kristina.scott@firstsouthernbank.net or Nanette Strange, AVP at nanette.strange@firstsouthernbank.net or either party can be reached at 618-549-3621.

Mission Statement

The mission of First Southern Bancshares, Inc. is to represent community banking at its best, by delivering customer service that meet the financial needs of our customers, while affording benefit to our local shareholders, employees and our community.

History of First Southern Bank

On July 10, 2002, First Southern Bancshares, Inc. consummated the acquisition of Shawnee Bancshares. This was the culmination of an initial capital stock offering of approximately $6 million raised by 70 Southern Illinois investors.

 The idea of a locally owned and operated community bank began when four Southern Illinois bankers, John Dosier, Steve Schauwecker, Patty Shay and Kevin Klaine combined with six local business people to form the executive officer and director group of First Southern Bank. The group’s initial concept, and still in place today, is founded on providing traditional financial products of a community bank combined with the most current product technology available complimented with friendly “first name” personal customer service.

Since our inception in 2002 the bank started as one of the smallest banks in Jackson County and is now the largest bank based on local deposits in the county. Our growth would not have been possible without the support of our customers, shareholders and our dedicated employees.

In 2012, First Southern Bank lost Patty Shay, one of our founding partners and Senior Vice President. Her contribution to the origination and success of First Southern Bank, as well as her friendship was beyond compare. She will truly be missed but never forgotten.