“Jamie Shinabarger, CEO, will retire after 16 years at Springs Valley Bank & Trust Company.”

SVB&T Corporation (OTCQX: SVBT), French Lick, IN, the bank holding company of Springs Valley Bank & Trust Company, announces the retirement of CEO Jamie R. Shinabarger on December 31, 2024.

Prior to joining Springs Valley in 2008, Jamie was president and CEO of Hicksville Building, Loan & Savings Bank in Ohio, where he spent the bulk of his career (1986-2007). Jamie began his career in 1980 as an ag loan officer and appraiser with the Federal Land Bank of Bryan, Ohio, then served as a loan asset specialist with the consolidated Farm Credit Services of Defiance, Ohio (1980-1986).
Shinabarger has served on various regional boards and executive committees including Dubois Strong and Radius Indiana and is an active member the Kiwanis Club of Jasper and Junior Achievement. He is also a member of the Indiana Bankers Association 40-Year Club and received the prestigious honor as a Sagamore of the Wabash by Gov. Eric Holcomb in August 2023.

Shinabarger will remain on the Board of Directors at Springs Valley Bank & Trust Company after his retirement as CEO.
“My 16 years at Springs Valley cap a 44-year finance career, and I’m grateful for the Hoosiers I have worked with and friends I have made on this journey. The staff here at Springs Valley, led by our senior management team and Board of Directors, has been a very vital component of the progress, results and franchise value we have created during my tenure,” Jamie Shinabarger stated. Shinabarger added, “I wish J. Craig Buse all the best as he takes the reins on January 1, 2025.”

Jamie and his wife, Catherine (“Sam”) recently moved to 20 acres near Grandview, IN, where they enjoy the “great outdoors” and spending time with their children and grandchildren.

In honor of Jamie’s dedicated service, Springs Valley will host an Open House at the 1500 Jasper Main Street Banking Center on December 19, 2024, from 2 pm to 4 pm to celebrate Jamie’s accomplishments and to wish him well as he enters a new phase in his life.

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)