"This merger will extend the tradition of community banking and personalized service that has characterized Southport and First American Bank for many years," said Thomas E. Wells, First American Chairman and CEO.
The addition of the Southport branches will bring First American's branch count to 53 and extends the franchise beyond the Chicago metropolitan area into Wisconsin.
The conversion, merging of systems and re-branding of the buildings, will occur in February. Customers will be notified of developments with a mailing and updates will be provided via the First American Bank website, FirstAmBank.com/Southport.
Russ Weyers will continue in his leadership role as the new First American Bank Wisconsin regional president.
"Our goal is to provide a smooth transition, while providing access to more sophisticated products and services that will make your day-to-day banking more convenient than ever," Weyers said.
For more than 40 years, First American Bank has delivered proven expertise in banking and wealth management services to individuals, families, businesses and organizations. It has $4 billion in assets with trust assets under management of $2.3 billion.