First State Community Bank Plans to Purchases Seven New Locations

First State Community Bank, a subsidiary of  First State Bancshares, Inc. based in Farmington, Missouri, announced today plans to purchase seven bank locations in Dutzow, Gerald, Hermann, Owensville, Ste. Genevieve, Warrenton, and Washington from First Bank, headquartered in St. Louis, Missouri.

“Our team at First State Community Bank is excited about this opportunity,” said Greg Allen, Chairman and CEO of First State Community Bank. “The new locations will be a great complement to our existing branches in the area. Customers will enjoy all that First State Community Bank has to offer, including strong leadership from our local Presidents who have experience serving many of the markets."

Shelley Seifert, Chairman and Chief Executive Officer of First Bank, said, “We are committed to partnering closely with First State Community Bank to ensure a smooth and seamless transition for both clients and staff. We are pleased the communities will continue to receive great banking products and services through the team at First State Community Bank.”

The seven First Bank locations, added to First State Community Bank’s existing branches, will expand First State Community Bank’s footprint to 59 locations throughout Missouri. The acquisition is subject to approval by federal and state regulatory bodies and is expected to close in the third quarter of 2020.

Since 1954, FSCB has been known for its friendly service, community involvement, and sound lending decisions. FSCB is owned and operated by First State Bancshares, Inc., a financial services holding company based in Farmington, Mo. FSCB is a full-service financial institution, with a variety of loan and deposit products and services. The bank owns First State Insurance Agency (FSIA), a full-service independent insurance agency, and also provides investment services through its ownership of First State Financial Management.