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First Vandalia Corp. holds its annual meeting

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The annual stockholders’ meeting of First Vandalia Corp., parent company of The First National Bank,  with locations in Vandalia, Ramsey, Patoka, Mulberry Grove and Greenville, was held on Wednesday April 9, at The First National Bank in Vandalia.
Directors William E. Chappel, B. Rand Edwards, and Todd L. Shulman were re-elected to serve three-year terms.
They join current directors Thomas L. McCarty, R. Wynn Provines, Janice K. Romack, Ann M. Schwarm, and Haldon E. Warner.
Marla Becker, CPA with the accounting firm of McGladrey LLP, reported on the company’s financial performance.
Becker confirmed the sound condition of The First National Bank and compared its performance with industry peers.
Chairman Shulman discussed the challenges facing businesses in Illinois and thanked the stockholders for their attendance.
President Chappel commented on the status of the banking industry and opportunities for future growth.  
The First National Bank has seven facilities in Vandalia, Ramsey, Patoka, Mulberry Grove and Greenville.