First Vandalia Corp. meeting held

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 April 11 at The First National Bank in Vandalia.
Directors Ann M. Schwarm and Haldon E. Warner were re-elected to serve three-year terms. The newly re-elected directors join current directors, William E. Chappel, Todd Shulman, B. Rand Edwards, Thomas L. McCarty and R. Wynn Provines.  
Ms. Marla Becker, a CPA with the accounting firm of RSM McGladrey, commented on the company’s financial performance. She confirmed the sound condition of The First National Bank and commented on the status of the banking industry in today’s economy.
Chairman Todd Shulman emphasized the importance of community banking and thanked the stockholders for their attendance. President Ernie Chappel reviewed financial highlights from the past year and complimented the employees on their performance.
The First National Bank has seven facilities in Vandalia, Ramsey, Patoka, Mulberry Grove and Greenville. Chartered in 1865, The First National Bank has grown to more than $275 million in assets, while serving area communities for 147 years.