“Ken Schnaus will retire after 13 years at Springs Valley Bank & Trust Company”

Springs Valley Bank & Trust Company announces the retirement of Ken Schnaus, Vice President & Business Banker, effective Friday, April 4, 2025. Ken began his career as a banker after graduating from ITT Business College in 1970. He has spent his full career as a banker in the Dubois County area and started his career with Springs Valley in January 2012.

Ken is a current member of the Board of Directors for both the Dubois County Airport Authority and Ireland Utilities Inc. Additionally, Ken serves as a member of the Revolving Loan Fund Committees for Dubois Strong and the City of Huntingburg. Previously, Ken dedicated ten years to the Orange County Economic Development Partnership’s Board of Directors and served four terms on the Greater Jasper Consolidated School Corporation Board of Directors. Ken is an active member of the Jasper Lions Club and is also involved with Saint Mary of the Annunciation Church in Ireland, where he serves as a Lector and a member of the Finance committee. He is also a former member of the Parish Council.

“Ken has been an integral part of our success at Spring Valley Bank & Trust and his contributions will not be forgotten,” said Craig Buse President & CEO. “His ability to build relationships and serve customers with dedication has been truly remarkable. We are incredibly grateful for all he has done and wish him a joyful and fulfilling retirement.”

Ken resides in Jasper, Indiana with his wife Marilyn. They have three children – Nicole, Kierstie, and Lance – and five grandchildren. Ken was very involved with his kids by serving as their coach in the sports they played in Dubois County.
“It has been my pleasure and honor to have been able to serve the financial needs of individuals and businesses in Dubois and the surrounding counties. This has allowed me to not only feel pride in knowing I have been able to be a small part of helping our area grow, prosper, and improve, I have made many friends along the way,” said Ken. “Although retirement is the next step in my life’s path, I plan to continue to grow those friendships and help my community in any way I can.“

In honor of Ken’s dedicated service, Springs Valley will host an Open House at the Jasper Main Street Banking Center on Friday, March 21, 2025, from 1 to 3 pm Eastern Time to celebrate Ken’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).

More Information

For more information contact: Ayla Lindsey, Marketing & Executive Coordinator, at 812.634.4819 or eMail at alindsey@svbt.bank