Top Community Banks Merge
Southern Illinois August 16, 2014
The Bank of Marion and First Southern Bank have joined forces 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.
"When the banking doors open on Monday, August 18, 2014, the two banks will operate as, First Southern Bank, a name that fits our southern Illinois focus,“ stated Ray Altmix, CEO of First Southern Bank. "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." adds Altmix.
"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 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 combined the best of both banks. The Board of Directors will include current directors, with Dutch Doelitzsch serving as Chairman of the Board, Ray Altmix as the Chief Executive Officer, and John Dosier as President," stated Dutch Doelitzcsh. "We have great officers and employees at each bank and you will continue to see the same faces, just more locations."
For more information on this merger contact:
First Southern Bank, Ray Altmix 618-997-4341 email@example.com
First Southern Bank, John Dosier 618-549-3621 firstname.lastname@example.org
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 email@example.com or Nanette Strange, AVP at firstname.lastname@example.org or either party can be reached at 618-549-3621.
The mission of First Southern Bank 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.
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.