A Vandalia bank has been sold and will be changing names in the coming months. Peoples State Bank of Newton has signed a purchase and assumption agreement to acquire 3 branch locations of First Bank—including the one at 200 Mattes Avenue in Vandalia. The other locations being purchased by Peoples State Bank of Newton are in Greenville and Salem. Peoples State Bank of Newton President and CEO Stacy Moore says they are expecting the transaction to close during the first half of 2018, subject to regulatory approval and satisfaction of customary closing conditions. Peoples State Bank of Newton is the oldest financial institution in Jasper County, having been founded in 1875. This purchase will increase Peoples State Bank of Newton from their current 5, to 8 total locations.