South Side Trust & Savings Bank, a subsidiary of Mid Illinois Bancorp, Inc., held their Annual Meeting on April 8, 2013 where David F. Cochran, Chairman of the Board and Chief Executive Officer, announced his retirement as Chief Executive Officer. Cochran was re-elected Chairman of the Board. Mark W. Joseph was promoted to President and Chief Executive Officer.
Joseph is a graduate of Illinois Central College and Sangamon State University. He began his banking career in 1978, moving to South Side Bank in 1990. Joseph is the President of the East Peoria Chamber of Commerce and the First Vice President of Neighborhood House.
Re-elected to the board of directors were: David F. Cochran, Chairman; David H. Bettinghaus, Kevin E. Colgan, Steven J. Fawley, David L. Golwitzer, Karen M. Jensen, Mark W. Joseph, Charles D. Karpowicz, Mark E. Matuszak, William C. Schwab, Michael J. Stone, Jeffrey W. Ward, and Timothy M. Ward.
Also elected to the board was John J. Waugh. Waugh is a graduate of Southern Illinois University with a Bachelor of Science in Marketing. He has been employed by Waugh Foods, Inc. since 1982, becoming President in 1999. Waugh sits on the board of directors for the Boys & Girls Club of Peoria and is the 2009 recipient of the Patrick T. Sullivan Community Service Award.
South Side Trust & Savings Bank, a locally owned financial institution since 1922, has $683 million in assets and serves the tri-county area with 13 full service locations in Peoria, East Peoria, West Peoria, Bartonville, Chillicothe, Washington, and Pekin. South Side Bank owns Mid Illinois Insurance Services, Inc. located at 1524 W. Glen Avenue in Peoria.