SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Names James G. McDonald III to the Board of Directors

Rhea-AI Summary

SVB&T Corporation has appointed James G. McDonald III as a new Board Director for both the corporation and Springs Valley Bank & Trust Company, effective March 16, 2021. McDonald, who has run a law practice for 34 years, brings extensive knowledge of the Gibson County market, which is expected to bolster the bank's operations in the area. His participation aims to enhance policy establishment, executive reviews, and budget approvals to drive customer-first initiatives.

Positive

• James G. McDonald III brings 34 years of legal expertise, enhancing the Board's skill set.
• Strong local market knowledge anticipated to benefit Springs Valley's operations in Gibson County.
• McDonald's customer-centric approach aligns with the bank's values.

Negative

• None.

JASPER, IN / ACCESSWIRE / March 16, 2021 / SVB&T Corporation, parent company of Springs Valley Bank & Trust Company, names James ("Jim") G. McDonald III as Board Director of both entities as of March 16, 2021.

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 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."

For more information, contact: Dianna Land, SEVP & HR & Marketing Manager, at 812.634.4963 or email at dbland@svbt.com.

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.

SOURCE: SVB&T Corporation

View source version on accesswire.com:
https://www.accesswire.com/635851/SVBT-Corporation-Parent-Company-of-Springs-Valley-Bank-Trust-Company-Names-James-G-McDonald-III-to-the-Board-of-Directors

FAQ

Who is the new Board Director appointed by SVB&T Corporation?

James G. McDonald III has been appointed as the new Board Director as of March 16, 2021.

What is the significance of James McDonald's appointment for SVBT?

McDonald's local expertise and established relationships are expected to strengthen Springs Valley's market presence.

What experience does James McDonald bring to the SVBT Board?

McDonald brings 34 years of legal experience, having served as counsel for several municipalities in the Gibson County area.

When was James McDonald appointed to the SVBT Board?

James McDonald was appointed on March 16, 2021.

What is the focus of the SVBT Board during McDonald's tenure?

The Board will focus on establishing policies, overseeing executive positions, and approving annual budgets.