“Springs Valley Bank & Trust Company Named to Top 200 Banks in the Nation ”
May 28, 2020
Springs Valley Bank & Trust Company has been named to American Banker magazine's Top 200 Publicly Traded Community Banks and Thrifts in the nation. In its May 2020 issue, American Banker ranked Springs Valley 153rd on its prestigious nationwide list. In 2019, Springs Valley ranked 102nd out of 601 banks with $2 billion or less in assets.
“Springs Valley is honored and humbled by our selection as one of the top 200 banks as defined by the American Banker in their May issue,” said Jamie Shinabarger, President & CEO. While Springs Valley dropped in the ranking from 2018 to 2019, it wasn’t unexpected, and it wasn’t by accident. Management and the Board jointly agreed to endure some short-term pain for long- term gain when the Bank committed to opening two new banking centers in Princeton (early 2020) and Washington (late 2019). “Honors like this are even more dramatic when you factor in our extraordinary 12.79% loan CAGR and 9.97% deposit CAGR over the past 8 years,” Shinabarger concluded.
The study examined 511 well-capitalized publicly traded banks with $2 billion or less in assets. Rankings are determined by each institution's return on average equity (ROAE); a measure of profitability widely used by investors to analyze business performance.
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.