INDIANAPOLIS – Jamie R. Shinabarger, president, CEO and director of Springs Valley Bank & Trust Company as well as its parent company, SVB&T Corporation, has been elected 2023 chairman of the Indiana Bankers Association. The election took place Monday, Sept. 12, during the IBA Annual Convention in French Lick. Shinabarger currently serves the IBA as first vice chairman and will become chairman effective Jan. 1, 2023. Before joining Springs Valley in 2008, Shinabarger was president and CEO of Hicksville Building, Loan & Savings Bank in Ohio, where he spent the bulk of his career working in bank administration, lending, collections, deposits, IRAs, compliance and marketing. Prior to that, he worked at the Federal Land Bank of Bryan, Ohio, and Farm Credit Services of Defiance, Ohio. Shinabarger serves on the boards and executive committees of Dubois Strong and Radius Indiana, and is a member of the Kiwanis Club of Jasper and Junior Achievement. He earned a bachelor’s degree from Taylor University, an MBA from Indiana Wesleyan University and a certification of completion in executive education from the Ohio State College of Business. Shinabarger is a member of the Indiana Bankers Association 40 Year Club, which recognizes Indiana banking professionals who have completed at least 40 years of service to the industry, and is currently a member of Bank CEO Network and Friends of Traditional Banking. Jamie and his wife, Catherine “Sam” Shinabarger, reside in Jasper, Indiana. The following have been elected to the 2023 IBA Board of Directors, effective Jan. 1, 2023: IBA Officers Jamie R. Shinabarger, Chairman, Springs Valley Bank & Trust Company, Jasper Benjamin J. Bochnowski, First Vice Chairman, Peoples Bank, Munster Matthew Howrey, Second Vice Chairman, North Salem State Bank Garry D. Kleer, Immediate Past Chairman, First Bank Richmond Amber R. Van Til, President and CEO, Indiana Bankers Association Constituent Directors Michael K. Bauer, ABA Membership Council, WesBanco Bank, Wheeling, WV Michael H. Head, ICBA State Director, First Federal Savings Bank, Evansville Joseph F. Breen, Non-Indiana Headquartered Bank Director, Huntington National Bank, Columbus, OH Brock Goggins, Future Leadership Division President, German American Bank, Jasper Regional and At-Large Directors David M. Findlay, At-Large, Lake City Bank, Warsaw Kent A. Liechty, At-Large, First Bank of Berne J. Daniel Maddox, North Region, Citizens State Bank, New Castle Bradley Monts, North Region, Hoosier Heartland State Bank, Crawfordsville Jacqueline M. Ruge-Perkins, North Region, First State Bank of Porter Lisa Arnold, South Region, Home Bank, Martinsville Gregory Inman, South Region, Scottsburg Building and Loan Association John M. Kennedy, South Region, gbcBANK, Greenfield
Springs Valley Bank & Trust Company, is a subsidiary of SVB&T Corporation, headquartered at 8482 West State Road 56, French Lick, Indiana 47432 with administrative offices at 1500 Main Street, Jasper, Indiana 47546. Springs Valley has locations in Dubois, Daviess, Gibson, and Orange Counties, offering full-service bank and financial services. Springs Valley has products and services for all types of families and businesses, including checking and savings accounts, certificates of deposit, electronic services, online consumer and mortgage applications and a variety of other loan options. Springs Valley Bank is a member of FDIC and is an Equal Housing Lender.
In addition, the company has a full-service financial advisory group managed by experienced, talented professionals specializing in estate planning, tax planning and wealth management. Investment Services are also offered by a licensed, professional Springs Valley representative. Trust and Investment products are not deposits; not insured by the FDIC; not a deposit or other obligation of, or guaranteed by, the depository institution; not insured by any Federal Government Agency; may lose value - subject to investment risks, including possible loss of the principal amount invested.
More information can be found online at www.svbt.bank. The company’s stock is traded on the OTCQX trading platform under ticker symbol SVBT (www.otcmarkets.com).
For more information contact: Ayla Lindsey, Marketing & Executive Coordinator, at 812.634.4819 or eMail at alindsey@svbt.bank