Bank of Edwardsville CEO will retire

Thomas Holloway, president and CEO of The Bank of Edwardsville, Ill., announced his plans to retire at the end of May next year..Holloway has been CEO of the $1.6 billion bank since 2005. Prior to that, he served as president and CEO of Union Planters Bank, Memphis, Tenn..Holloway started his banking career with the First State Bank of Centralia, Ill. He later served as president of First Granite City National Bank, Granite City, Ill., before joining Magna Bank, Belleville, Ill..A search committee has been established to find a replacement, said Mark Shashek, chairman of the bank's holding company, The Banc Ed Corp..The committee hopes to hire a new CEO soon enough that Holloway's replacement can work with him for a few months in order to make the transition as smooth as possible.."It's been a tremendous honor and privilege to work with the wonderful people at this great institution," said Holloway. "Time sure does pass quickly, and I know the next nine months will as well. But I truly feel that it will be the right time for me. I never planned to work forever, and I'm turning 65 years old next year. I'm ready for the next phase of my life."