Herrin Security Bank's Board of Directors has agreed to enter into a mutually beneficial aliance with Midwest Community Bancshares, Inc.
Frank Colombo, Chairman of the Board of Security Bancorp, Inc. and Herrin Security Bank stated, "Herrin Security Bank has a long history of providing quality financial services to our customers and supporting the communities in which we serve. This alliance will allow us to expand our customer service and convenience while maintaining our community banking philosophy."
"Our greatest asset is our People", stated Charles Helleny, President of Security Bancorp, Inc., "Our staff's commitment to quality customer service will be enhanced through this alliance as we add new products, services, and locations.
Herrin Security Bank is a financially strong financial instiution that has been providing financial services to the community since 1957 and has locations in Herrin and Royalton.
"We look forward to the opportunities in partnering with a southern Illinois group that shares the same belief in the community banking model of strong customer service and community involvement", said Joe Leenerts, CEO of Herrin Security Bank.
This bank alliance is subject to shareholder and regulatory approval.
Further informatin will become available upon completion of the proposed transaction.
Midwest Community Bancshares, Inc., the parent company of The Bank of Marion, previously announced a strategic merger with First Southern Bancshares, Inc., the parent company of First Southern Bank.
For more information on this merger contact: Herrin Security Bank, Joe Leenerts (618-942-3151) or Frank Colombo (618-942-3151).