First Bank, based in Creve Coeur , MO, announced Feb. 24th the sale of 14 of its 94 branches. The First Bank Branch in Dutzow is one of seven First Bank locations in Missouri that were sold to First Community State Bank (FSCB), based in Farmington, MO. The other six locations are in Warrenton, Washington, Gerald, Owensville, Hermann and St. Genevieve. The other seven branches sold are located in Illinois.
Doug Dunlap, marketing president for FSCB, said all affected First Bank employees will be offered positions with FSCB. Decisions will be made in the coming months as how facilities will be used in communities where there will now be multiple locations.
The sale is subject to regulatory approval, and expected to be finalized some time in mid-August.