Plainfield Bank Part of Consolidation

First Community Bank president said customer service will remain the same as four banks unite under one charter.

The will keep its name and its commitment to community banking when it combines with three other banks next year, according to bank President and CEO Donn Domico.

Beginning in the first quarter of 2013, First Community Financial Partners in Joliet will combine its four banks: the First Community Bank of Plainfield, Burr Ridge Bank and Trust, First Community Bank of Homer Glen & Lockport and First Community Bank of Joliet.

“The consolidation of our charters won’t have an impact on how we treat our clients,” Domico said Tuesday.

The Plainfield bank opened in 2009.

“It was founded by local business people to provide local banking services and be the community bank in Plainfield,” said Domico, adding the bank will maintain it’s “high-touch, face-to-face” service.

The bank will also retain its name.

“We’re proud of our name,” Domico said, adding, “The faces are going to remain the same. The decision making is going to remain here locally.”

The consolidation will give the banks “The ability to provide its customers a greater range of products, services and access to expertise than any of the banks could provide individually,” the company said in a statement.

“This will put us in an even better position to invest in products and technology,” Domico added. “At the same time, we’ll remain focused on community banking.”

Editor's note: The original version of this story included a typographical error in one of Mr. Domico's quotes. We apologize for the error.

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Tim September 05, 2012 at 10:49 PM
Isn't John Argoudelis one of the 'founding members' of this bank? https://www.plainfieldbank.com/history.cfm Yes, he is. I hope John decides to chip in his thoughts on all the money this bank received from the TARP program to keep it solvent until a buyer could be found and he could cash out. http://banktracker.investigativereportingworkshop.org/banks/illinois/plainfield/first-community-bank-of-plainfield/


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