Alliance, First National Banks to Merge

Nov 29, 2018

Correction: Dec. 3, 2018 -- The amount of assetts each bank holds has been amended for accuracy.


Sulphur Springs-based Alliance Bank is acquiring Mount Vernon BankShares, Inc. That’s the owner of First National Bank of Mount Vernon.  The deal was announced Thursday.


As of September 30, 2018, Alliance Bank had total assets of $740 million.  On a combined basis, Alliance Bank and First National Bank will have approximately $930 million in total assets.