Raymond James Welcomes New $261 Million Program with First National Bank of Sparta

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[{"type":"text","content":"St. Petersburg, Fla., Oct. 13, 2025 (GLOBE NEWSWIRE) -- Raymond James (NYSE: RJF) announced today that the First National Bank of Sparta (FNBS) has selected its Financial Institutions Division (FID) to support the bank’s investment program, Patton Wealth Management (PWM), according to Stephen Kruchten, president of FID. Through this new alignment, PWM will provide clients with wealth management services through Raymond James Financial Services.","length":448,"tagName":"p"},{"type":"text","content":"Based in Sparta, Illinois, PWM is led by financial advisor Brian Patton, who manages approximately $261 million in client assets. He is supported by branch professionals Pam Burns and Becky Ohms and was previously affiliated with Commonwealth Financial Network.","length":261,"tagName":"p"},{"type":"text","content":"“FNBS and PWM have consistently demonstrated a strong commitment to delivering trusted advice and meeting the financial needs of clients across southern Illinois and neighboring communities,” said Jon DeMayo, vice president of business development at FID. “We are eager to support their continued growth with the advisor-focused service model, full suite of resources and advanced technology platform that distinguish Raymond James FID.”","length":437,"tagName":"p"},{"type":"text","content":"Patton brings more than three decades of experience in the financial services industry, beginning his career at The Heitner Corporation before becoming an advisor with Investment Centers of America, Inc. He founded PWM in 2017 and holds a bachelor’s degree in business from Eastern Illinois University.","length":302,"tagName":"p"},{"type":"text","content":"“Our decision to transition our investment program to Raymond James was guided by cultural alignment and a shared commitment to client-first values,” said David Sternberg, president of FNBS. “As we evaluated our options, we found that FID offered the best long-term fit for our team and clients – providing the independence, advisor-focused service model and robust platform needed to support continued growth. We are confident this new chapter will enable PWM to thrive, maintaining the boutique feel and personalized service our clients expect while expanding our capabilities for high-net-worth and business owner clients.”","length":626,"tagName":"p"},{"type":"text","content":"About the Financ...

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