FNB holds annual meeting

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 8, at First National Bank in Vandalia.
The new president and chief executive officer, Michael R. Radliff, and Steve Henna, senior vice president and chief lending officer, Steven C. Henna were newly elected to the board of directors, along with the re-election of Director Ann M. Schwarm, to serve three-year terms.
They join current directors Thomas L. McCarty, R. Wynn Provines, Janice K. Romack, William E. Chappel, B. Rand Edwards and Todd L. Shulman.
Scott Lively with the accounting firm of CliftonLarsonAllen LLP announced the annual audit resulted in a “clean” unqualified opinion and commented on the company’s financial performance.
Lively confirmed the sound condition of First National Bank and compared its performance with industry peers. Lastly, Lively reviewed forward-looking information related to accounting and auditing standards; tax rules and regulations; and regulatory compliance.
Chairman Todd Shulman welcomed the shareholders and recognized Director Haldon Warner on his retirement from the board.
Former president Ernie Chappel commented on the status of the banking industry and introduced Radliff, the new president.
Radliff thanked Shulman, Vice Chairman Chappel and the board for the opportunity to work at The First National Bank with so many professional and community-focused employees.
Following the annual meeting, the board of directors of the bank announced the following promotions: Steve Ainscough was promoted to senior vice president and recognized as the chief operation officer; Steve Henna was promoted to senior vice president; Amber Miller was promoted to assistant vice president; Michelle Otto was promoted to assistant trust officer; Deniese Brown, Stephanie Herrin and Karen Plum were promoted to assistant cashier; Lori Anderson was promoted to loan clerk manager; and Bonnie Chaney was promoted to Investment Centers of America Inc. office manager.
First National Bank has seven facilities in Vandalia, Ramsey, Patoka, Mulberry Grove, and Greenville and has grown to more than $300 million in assets. Chartered in 1865, The First National Bank will be celebrating 150 years of hometown community banking during 2015.

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