SFC Bank names new board chairman

Last edited 3:02 p.m., Aug. 21, 2018

The Springfield First Community Bank Board of Directors appointed Jim Anderson as chairman.

As chairman, Anderson succeeds SFC Bank CEO Rob Fulp, who maintained his chief executive job and role on the board as one of its 12 members. The board also appointed businessman Larry Lipscomb as vice chairman, according to a news release.

Reached this afternoon, Fulp said Anderson and Lipscomb agreed to serve five-year terms during the board’s Aug. 15 meeting. Fulp was chairman for seven years, he said.

“I’m fortunate to be a part of SFC Bank’s exceptional board of directors and look forward to our continued growth and success,” Anderson said in the release.

Anderson worked 26 years as president of the Springfield Area Chamber of Commerce, followed by a three-year stint as vice president of marketing and public affairs for CoxHealth. He now works in community and public affairs for the health care system.

Lipscomb, who helped organize SFC Bank, is the current president of eight corporations and managing member of three limited liability corporations. He’s also past chairman and board member for CoxHealth, Cox College and several community boards, according to the release.

The SFC Bank board comprises Fulp, Anderson, Lipscomb, Jan Baumgartner, Bob Beine, Kirk Bossert, Brent Davis, Doug Hultquist, Monte McNew, Charlie O’Reilly, Tim O'Reilly and John Youngblood, according to its website.

“Our bank is privileged to have such an outstanding leadership team in our board of directors. We are truly honored that Jim and Larry have accepted these appointments,” Fulp said in the release. “They have both made valuable contributions to our continued success, and we are blessed to have such highly respected and successful people leading our board and bank.”

Moline, Illinois-based QCR Holdings Inc. acquired SFC Bank in July for $90.7 million. SFC Bank maintained its name and local leadership, according to past SBJ reporting.