Levy County’s only locally owned banks — Drummond Community Bank in Chiefland and Perkins State Bank in Williston — have signed an agreement to merge in the first quarter of 2013.
The new bank, with a presence in five counties, will carry the Drummond Community Bank name. Luther Drummond, president of Drummond, will remain as president and CEO while Frank Etheridge, president of Perkins, will serve as area president of the combined bank.
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