First Southern Bank
102 Airway Drive
Marion, Il 62959
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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."