Michael L. McGlasson, president of Bank of Springfield (BOS), has announced his plan to retire effective Dec. 31, 2018.
McGlasson began his banking career in 1973 with the original Marine Bank in Springfield and later went to Illinois National Bank. By the time he joined BOS in 1997, McGlasson had nearly 25 years of banking experience.
McGlasson began his career at BOS as senior vice president of commercial and mortgage lending, managing all lending activities. He spent most of his banking career in commercial lending until he was named president of BOS in May of 2003.
Tom Marantz, BOS Chief Executive Officer and chairman of the board, attributes much of the bank’s success to McGlasson strong leadership. “Mick is a consummate commercial banker who was part of the backbone that positioned BOS as a leading bank in Illinois. His knowledge of banking and his commitment to employee development were key drivers in the bank’s growth“, Marantz said.
During McGlasson’s tenure as president, BOS has expanded into the St. Louis Metro East, Quincy and St. Louis County markets. The bank added 10 additional branches and its assets have grown from $100 million to over one billion dollars since 2003.
While McGlasson is officially retiring from his position as president, he will remain active with the bank. He will continue to serve on the board of directors for BOS’s holding company, Spring Bancorp, Inc.
BOS was founded in 1965 in Springfield, Illinois, and now serves nine communities with branch locations in Springfield, Chatham, Jacksonville, Quincy, Shiloh, Swansea, Glen Carbon and Staunton in Illinois and one branch in St. Louis, Missouri.