Drummond-Perkins merger complete on Monday

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Letters going out to customers

By Lou Elliott Jones, Editor

Levy County's two remaining community banks — Perkins State Bank and Drummond Community Bank — are in the final steps of completing the merger they announced in June 2012. 

On Friday, work will be complete on joining the computer systems of both banks.

On Monday, customers of either bank can start doing business as the former Perkins State and Drummond Community banks 12 locations which will open for business as Drummond Community Bank.

Letters have been sent out to customers of both banks by Luther Drummond, president and chief executive officer of the newly merged operation. When the move was announced last summer, it was also announced that Perkins President Frank Etheridge is area president of the new banking operation. 

Monday's opening comes after regulators have poured over the paperwork of both banks and each bank checked the other's books to make sure the deal is right. 

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