“Springs Valley Bank & Trust Company to open a Banking Center in Princeton, Indiana”
September 5, 2019
Springs Valley Bank & Trust Company purchased the First Financial Bank, N.A. building located at 1501 West Broadway, Princeton, Indiana.
First Financial Bank N.A. and Springs Valley Bank & Trust Company, a wholly owned subsidiary of SVB&T Corporation, have signed a definitive agreement for the sale of the banking center located at 1501 West Broadway, Princeton, Indiana. This sale is real estate only. Springs Valley will open their full-service Banking Center late 2019 or early 2020.
“As a relationship bank, we are pleased to expand into Gibson County and introduce the Springs Valley brand and our competitive products and services to the residents and business owners of the local communities, “said Jamie Shinabarger, President & CEO.
Springs Valley Bank is a $440 million financial institution with current locations in Dubois, Orange and Daviess Counties. Springs Valley’s Financial Advisory Group holds assets of $470 million and specializes in retirement planning, estate planning, tax planning and wealth management. The Princeton Banking Center will have retail, residential mortgage, commercial lending, and financial services.
“The Springs Valley Team is excited to develop a presence and build relationships with Gibson County communities,” said Craig Buse, SEVP & CLO. “Ross Key’s, Springs Valley’s Agriculture Relationship Manager, primary office will be located at the Princeton Banking Center and he will have a team of local faces helping him enhance the financial quality of life in the community”.
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, Orange and Daviess 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.