First Bancshares of Stevenson, Inc., parent company of First Southern State Bank, has completed a merger with Albertville-based Vantage Bancshares, Inc., parent company of Vantage Bank, effective Nov. 1, 2019.
“We’re excited to expand our presence in DeKalb County and enter into the Marshall County market by merging with Vantage Bank,” said Jack Lovelady, president and CEO of First Southern State Bank. “As community banks, we share a strong desire to serve the financial needs of our community by delivering superior service and exceeding our customers’ expectations. We are pleased to welcome our new friends from Vantage Bank to the First Southern family.”
Vantage Bank will continue to operate its two locations in Albertville and Crossville under the name Vantage Bank, a division of First Southern State Bank until April 2020. In April, a system conversion will occur, and Vantage Bank will be renamed First Southern State Bank.
With 10 locations in Cherokee, DeKalb, Jackson and Marshall counties, First Southern State Bank’s approximate total asset size will now reach $525 million.