Ernie Chappel, president of The First National Bank of Vandalia, and Preston Smith, president of The First National Bank of Mulberry Grove, announced on Tuesday that the two institutions have reached an agreement by which First National Bank of Vandalia will purchase The First National Banking Centers located in Mulberry Grove and Greenville.
In that acquisition, The First National Bank of Vandalia will acquire the deposits and certain assets, including loans, of the two Bond County banks.
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