Southern Illinois Bancorp Inc. (financial holding company for First Bank, First Insurance Agency, First Financial Services, and Southern Illinois Title) held its August meeting of the shareholders yesterday, Tuesday, August 19, where two significant Board of Director position changes were announced.
Tom Vaught (Springfield, IL), retired attorney, has retired from the Southern Illinois Bancorp Inc. Board of Directors. Mr. Vaught has been an active Director for a remarkable 45 years. Mr. Vaught joined the Board in 1969 and has been a great ambassador and an incredible asset to the organization.
“On behalf of the Board of Directors and senior management, I’d like wish Tom a happy retirement and express our heartfelt appreciation for his many contributions to our organization for over four generations,” said Al Fritschle, President and CEO of First Bank.
Adam Vaught (Chicago, IL), son of Tom Vaught, was nominated and elected by the Board of Directors to fill the vacancy created by his father’s retirement.
Mr. Vaught is an Associate Attorney with Hinshaw & Culbertson, LLP in Chicago where he practices in the firm’s Lawyers for the Profession practice group, as well as tort litigation with an emphasis on defending lawyers and law firms in malpractice and ethics matters. Mr. Vaught also represents clients in all aspects of litigation, including those in the supreme courts of Illinois.
Mr. Vaught earned his BS in Political Science in 2001 from Truman State University and his Juris Doctor from Northern Illinois University College of Law in 2005 where he graduated Cum Laude.
Fritschle commented, “Adam’s experience and legal expertise makes him an ideal, and welcome candidate to the Southern Illinois Bancorp Inc. Board of Directors… and I’m certain Adam will step right in and keep his father’s 45-year legacy going for years to come.”
Please join Southern Illinois Bancorp Inc. in congratulating these two gentlemen.