It’s National Squirrel Appreciation Day! Since our very own VCNB mascot is none other than Saver Squirrel, we thought it would be fun to have a little contest. Scurry on over to our Facebook page to enter. Also be sure to have a look at these snapshots from Saver’s travels.
The holidays are finally here and VCNB offices will be closed some so our employees may celebrate with their families.
All of our offices will close at noon on Christmas Eve except for our Young’s Family Market location which will be open from 11 a.m. to 3 p.m.
All of our locations will be closed on Christmas Day and New Year’s Day. However, our website and mobile banking app are available 24/7.
We appreciate our customers and wish you and yours the happiest of holidays.
The VCNB financial family is growing! We are excited to welcome the customers and employees of The Citizens Bank of Ashville to VCNB.
VCNB and Community Bancshares, Inc. have announced the completed acquisition of The Citizens Bank of Ashville, effective the close of business on Friday.
The offices, located in Ashville, Circleville, Grove City and Commercial Point, enlarge the VCNB footprint and provide VCNB customers a total of seventeen locations for their banking needs. When they opened today, the Ashville, Circleville and Commercial Point branches began operations as Pickaway County Banking Center. The Grove City location now operates as Franklin County Banking Center.
As our family grows, we have been reflective about our origins and the core values that make us who we are.
We were founded in McArthur, Ohio in 1867. As a community bank, we take pride in adopting community identities everywhere we do business. This is evidenced in a variety of ways, starting with the names of our local branches and extending through community support initiatives and substantial employee volunteerism efforts.
Because we are a community bank, decisions are made locally. The loan officers, tellers and new accounts representatives you interact with daily live in your community and have a stake in the wellbeing, not just of the bank but of the people and towns where we do business. Our Customer Service Department is located in McArthur and the people you reach by phone or by online chat are invested in giving great customer service.
In short, we love our communities!
As you may imagine, there is a lot of work and detail involved in acquiring a bank and bringing those customers and employees into the VCNB family. That’s why we have created a Welcome Guide to help our new customers through the process.
If you are a new VCNB customer, WELCOME ABOARD! We are excited to have you with us and eager to get to know you. For the most part, the employees you are accustomed to seeing in your local offices haven’t changed. We may make some physical changes in the offices but you will receive the same great service you are accustomed to and deserve.
For now, our new Citizens customers will be able to bank and receive customer service assistance just in Ashville, Grove City, Commercial Point and Circleville. Starting on January 20, 2015, you will be able to bank at any of our seventeen locations.
You will be also hearing from us more over the next few months and hope you will feel welcome to contact us if you have questions.
Our existing customers can begin banking in the new locations today. We now have seventeen offices in Vinton, Ross, Hocking, Fairfield, Licking, Pickaway and Franklin counties.
Do you have questions? We would love to hear from you! Remember, following this blog is a great way to keep up with VCNB news. You can also follow us on Facebook and Linkedin. Check our website for updates as well.
Thomas D. Will, Chairman of Community Bancshares, Inc. and its principal subsidiary Vinton County National Bank, announced that the acquisition of The Citizens Bank of Ashville, Ashville, Ohio, was completed effective at the close of business on Friday November 14, 2014. The Ashville, Circleville, Grove City and Commercial Point offices of The Citizens Bank of Ashville have become branches of Vinton County National Bank (VCNB).
Will said he is pleased the transaction is complete and is eager to welcome the employees and customers of Citizens to the VCNB family. “We are very pleased that we have completed our transaction with The Citizens Bank of Ashville. We appreciate the efforts put forth by the officers, employees and board members at Citizens to help facilitate the transaction and we look forward to continuing to serve the communities that have been served by Citizens,” he said.
Founded in 1867, VCNB is a community bank that takes pride in adopting community identities everywhere they do business. The Ashville, Circleville and Commercial Point offices will operate under the name Pickaway County Banking Center. The Grove City office will be called Franklin County Banking Center. VCNB is known for lending community support and for substantial volunteerism efforts among employees. Will indicated that employees in the new offices are eager to adopt this VCNB spirit.
Community Bancshares, Inc. is a bank holding company headquartered in McArthur, Ohio, with total assets after the merger of approximately $870 million and shareholders’ equity of $100 million. Vinton County National Bank now operates 17 offices in Vinton, Ross, Hocking, Fairfield, Licking, Pickaway and Franklin counties.
We are extremely proud of our new television commercial! Have you seen it? Click on the image to watch now.
At VCNB we encourage our employees to give back to our communities. We believe that a happy, healthy community is a good place to do business and that there is no better way to contribute to a community than through volunteerism.
Last year we had more than one hundred employees who did at least eight hours of community service. That’s more than 800 hours of time donated by our employees! The truly neat thing is that our folks contribute to all sorts of worthwhile projects.
We volunteer for animal shelters, summer reading programs and 4-H. Many of our employees work at food banks, helping to package and distribute grocery items to needy families. Some of our employees volunteer for school functions, boosters groups and even work concessions or ticket gates for high school sporting events.
We hope that our employees will give of their time to projects and organizations that are near and dear to their hearts and that will make a true difference. While we have so many employees doing good things across our seven counties, one of our most unique volunteers is Kathy Ramsay, Head Teller at our Salt Creek Banking Center in Laurelville.
Kathy Ramsay is pictured with the quilt she made and donated to the Laurelville Fire Department. It raised $400 at auction.
Kathy is a kind hearted person who loves to sew. That’s why so many people in her family, in her community and across the world are benefactors of her hard work. Kathy makes quilts for the Quilts of Valor Project Foundation, an organization that helps quilters like Kathy donate quilts to American soldiers who have been touched by war. Last year alone, she sent five quilts to soldiers stationed at the Ramstein Air Base in Germany.
But it doesn’t stop there. She donates baby quilts to Adena Hospital for little kids who need the comforting touch of home during their hospital stay. She donates handmade fleece hats for the Laurelville and Tarlton fire departments’ Toys for Tots programs and for the Sparrow House, an outreach ministry in South Perry.
This fall, she and some friends will spend a day at the elementary school in Laurelville, making hats for little kids in preschool. That’s about 60 hats these ladies will make for children between the ages of three and five. Best of all, the youngsters will pick out the fabric they like best and watch the hat be made.
She has made quilts for nearly every member of her family and commonly donates quilts for fundraisers.
This month, Kathy donated a beautiful red, white and blue Americana quilt to the Fireman’s Festival. The Fire Department auctioned the quilt at their 91st annual festival, raising $400 to help with the department’s operating expenses.
“I just really love to quilt and sew,” Ramsay said.
She estimates she has been involved in this hobby for 35 to 40 years. “I like trying new techniques, new fabrics. I’m inspired by trying new things,” she explained.
McARTHUR, Ohio/Ashville, Ohio — McArthur, Ohio-based Community Bancshares, Inc. (“CBI”), parent company of The Vinton County National Bank, and The Citizens Bank of Ashville (“Citizens Bank”), announced today the signing of a definitive agreement under which Citizens Bank will merge with Vinton County National Bank.
Under terms of the agreement, CBI will pay $40.00 per share in cash for all of the outstanding shares of Citizens Bank. The aggregate deal value of $12.2 million represents 141 percent of Citizens Bank’s tangible book value per share as of March 31, 2014.
Citizens Bank, with total assets of approximately $105 million as of March 31, 2014 and total equity of $8.7 million, operates three offices in Pickaway County and one in Franklin County, Ohio. Vinton County National Bank operates 13 branches in seven counties situated in the central and southeast regions of Ohio. As of March 31, 2014, Vinton County National Bank reported $765 million in total assets and $89 million in total shareholders’ equity.
When completed the transaction will create a 17 – office community bank operating in seven counties, with approximately $870 million in total assets, $560 million in total loans and $750 million in deposits.
Michael J. Lamping, President and CEO of Citizens Bank, said, “We are excited and fortunate to be joining with one of the oldest and most successful community bank franchises in Ohio. Once the merger is completed our business and consumer banking customers will have immediate access to a broader array of deposit and loan products, substantially more locations and state-of-the-art technology-based banking services. The combined companies will extend from Columbus, south along the U.S. 23 and U.S. 33 corridors, creating an attractive market area with many future opportunities,” Lamping added. “CBI is very committed to the Pickaway County market as their strategy includes active community involvement. Citizens’ four offices will continue as community banking centers and Citizens will have representation on the CBI Board of Directors.”
“Citizens Bank’s Grove City office in suburban Columbus and its three Pickaway County locations expands our footprint in two strategically important markets,” said CBI President and CEO Thomas D. Will. “Citizens Bank has been providing exemplary service to its customers for nearly 120 years and its community bank personal service model fits well with our own community bank, customer-centric culture,” Will added.
The transaction is expected to close by year-end 2014, subject to regulatory and shareholder approvals.
Austin Associates, LLC has acted as financial advisor and Shumaker Loop & Kendrick, LLP is legal counsel to CBI in connection with the transaction. Performance Trust Capital Partners served as financial advisor and Tucker Ellis, LLP is legal counsel to Citizens Bank in the transaction.
Today is the last day of work for Sheryl Goble, a VCNB employee of more than twenty years. Sheryl is known by many customers in our McArthur office as the New Accounts Officer who helped them with their every need for many, many years.
Sheryl is a lady in every sense of the word, a good listener and a kind person. She will be missed here at the bank. When he presented her gift from the bank, President Ron Collins summed it up when he said “it’s people like you the bank is all about.”
We wish Sheryl all the best in this new chapter of her life. We recently celebrated Sheryl’s career and retirement with a party. Here a few pictures from that day.
VCNB Family 