“Springs Valley Bank & Trust Company Names James G. McDonald III to its Board of Directors”
March 16, 2021
Springs Valley Bank & Trust Company names James (Jim) G. McDonald III to its Board of Directors. In his new role, James will join the current directors to oversee Springs Valley through a wide variety of tasks including the establishment of policies and objectives, the appointment and review of executive positions, and the approval of annual budgets.
President /CEO Jamie Shinabarger laid out a clear case for James G. McDonald joining the Springs Valley Bank Board by stating, “Building on the success of his father and uncles before him, Jim owns and operates a fourth-generation law practice serving the greater Gibson County area. In his 34th year of operation as the principal, McDonald has served as legal counsel for a number of Gibson County municipalities, and he knows a plethora of folks in and around Princeton.” Mr. Shinabarger further stated, “Jim has built strong relationships, cemented by the mortar of trust that only a half-century of meeting his clients’ legal needs in a very personalized, respectful, and timely way can produce. To further grow our Princeton Banking Center, Springs Valley fully anticipates tapping into Jim’s vast knowledge of the Gibson County market.”
Mr. McDonald is currently employed at McDonald Law Office, where he has worked for 34 years. He is a Princeton Community High School graduate. Jim earned a Bachelor of Science Degree from Indiana State University and a Doctor of Jurisprudence degree from Valparaiso University.
In addition to his professional duties, Jim is a member of St. Joseph Catholic Church, a Gibson County YMCA Chairman, Knights of Columbus member, Princeton Masonic Lodge member, a member of the Indiana Municipal Lawyer Association and a member of the Indiana State Bar Association.
Jim is married to Mary Frances McDonald. They have six children. Jim enjoys being outdoors, gardening, and community youth inspired activities.
Mr. McDonald commented, “I am pleased to join the Board of Directors of Spring Valley Bank & Trust. Springs Valley is a team full of professionals that constantly put their customers first, which is something I value. I look forward to contributing my insight and expertise to an already very accomplished team and to a very distinguished Board of Directors to enhance the Springs Valley experience.”
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. 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. 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).
Springs Valley Bank is a member of FDIC and is an Equal Housing Lender.