"Springs Valley Bank & Trust Company Promotes J. Craig Buse to President

The Board of Directors of SVB&T Corporation, holding company of Springs Valley Bank & Trust Company, approved a split of the president & CEO roles as of March 21, 2023 and is proud to announce the promotion of J. Craig Buse to President of the Corporation and the Bank effective May 16, 2023. Jamie Shinabarger will remain CEO of SVB&T Corporation and Springs Valley Bank & Trust Company until his retirement at the end of 2024. Both Mr. Buse and Mr. Shinabarger will continue to serve on the organization’s Board of Directors as internal directors.

Jamie Shinabarger, CEO of Springs Valley Bank & Trust, had this to say, “The separation of the roles of the President and CEO results from the Board’s recognition that it is in the best interest of the Corporation and its shareholders to expand the senior management team in order to ensure business continuity on critical issues including strategy, culture, leadership and succession planning. The Board believes that this is a strong corporate governance practice and will allow Craig and I, who complement each other in terms of strengths, skills and experience, to focus on building long-term growth through the Corporation’s and the Bank’s mission and core values.”

Craig Buse holds a Bachelor of Science degree in Computer Science and a Master’s in Information Security from Capella University. He is a 2012 graduate from the Graduate School of Banking in Madison, Wisconsin. Craig completed the Dubois County Leadership Academy in 2011 and was awarded the Independent Community Bankers “Rising Star” Award in 2009. He serves on the following boards: RADIUS, Spencer County Economic Development, Dubois Strong, ISCDC, and SWICACC.

Craig resides in Spencer County with his wife, Erika, and two children, Chase and Colton.

“I’m grateful for this opportunity. I’ve enjoyed working with the communities we serve, local businesses, and the great people at Springs Valley Bank. I’m excited about what we have accomplished over the past few years and look forward to what the future brings,” said Buse.

Mr. Buse can be reached at 812.634.4926, cbuse@svbt.bank, or LinkedIn at https://www.linkedin.com/in/craig-buse-28a8824/

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: Dianna Land, SEVP, HR & Marketing Manager, at 812.634.4963 or eMail at dbland@svbt.bank.