Legence Bank recently opened eight new branches throughout southern Illinois with combined deposits of $146 million, bringing the bank’s assets to $450 million, according to a press release.
Legence Bank now has 14 branches in Illinois and one in Indiana. The bank is an independently owned subsidiary of First Eldorado Bancshares.
“We are excited to add the customers and employees of Benton, Carbondale, Johnston City, Marion-Hill, Marion-Boulevard, Metropolis, Mounds, and Mt. Vernon to the Legence family and we are honored to serve them today and in the years to come,” Martin Rowe, president and CEO of First Eldorado, said in the press release. Rowe is also a Legence Bank co-owner.
Legence Bank acquired the eight new branches from MidCountry Bank, which is headquartered in Marion. In its release, the bank expressed its commitment to providing customers with a smooth transition and continuation of exemplary service.
“Today we realize an organizational dream and long-term growth goal of strengthening our footprint in the southern Illinois market,” Kevin Beckemeyer, president and CEO of Legence Bank, said in the press release. “The addition of eight branches will open a natural market extension where our team will continue providing excellent service, along with convenient personal and business banking solutions to our customers and communities we serve.”
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