Celebrating Success: Stout Graduates From Stonier

Cassie Stonier Class 2018
Cassie Stonier 2018The VCNB Family has a reason to celebrate!

VCNB Regional Retail Manager Cassie Stout recently graduated from the American Bankers Association (ABA) Stonier Graduate School of Banking, following in the footsteps of countless VCNB leaders who completed this challenging piece of their banking education.

Stonier is an elite program for the nation’s best and brightest bankers. The three year program prepares future industry leaders with curriculum covering a wide variety of industry topics. Taught at the University of Pennsylvania’s Wharton School in Philadelphia, the program also provides a series of leadership sessions.

Stout explained that she has been completing off-site work for the program for the last three years. Then one week a year the class convenes at the Wharton School in Philadelphia for an intense period of classes and networking. “They cram a lot into those weeks we are there. It’s a very intensive week we spend there every year,” she explained. She indicated that students choose from a catalog of banking courses and are encouraged to select those that are most appropriate for their financial institution.

They also take Wharton School leadership classes that are taught by Wharton professors. While they aren’t specific to banking, they teach skills useful in all lines of business. Wharton is widely regarded as one of the world’s top institutions for business education and the Stonier School attracts bankers from all over the country and around the world.

“I have learned a lot about banking and about bank management through this process,” she said before naming some of the topics she learned about and how they apply to her role at VCNB. She also praised the connections she has made through Stonier and the efforts made to pair bankers with others who are from similar institutions but not from competing institutions. “They are very selective in how they pair bankers so in the end you have a nice network of bankers you can call on to bounce an idea off of or to just have someone to talk with.”

The class of approximately 240 graduated on June 14 with a Stonier diploma and a Wharton leadership certificate.

She indicated that she has already put to good use some things that she learned at Stonier on both special projects and on daily tasks. In fact, just last week she used a Wharton exercise during a meeting with the branch managers who she supervises.

Stout began her career with VCNB in 2006. Many customers will remember her as the Branch Manager at our Ross County Banking Center on Main Street in Chillicothe. Today she serves the bank in a different kind of role, overseeing managers of branches in Vinton, Hocking, Jackson and Ross counties.

“I am grateful for the opportunity and appreciate that the bank gave me this opportunity,” she said.

VCNB Head of Retail Brenda Doles expressed pride in Cassie’s accomplishments both at the bank and at Stonier. “I am so very proud of Cassie. When she sets her sights on a goal she can accomplish anything,” Doles said. “She truly manages her time. Through all of this she managed her branches, she managed her personal life, she managed her course work without missing a step and without ever letting anyone down. She’s someone I hope will go far for us.”

Ask A Lender: What Is A HELOC?

We introduced a new HELOC special earlier this week and it occurred to us that while bankers like to talk in abbreviations, everyone may not know about a HELOC and what it means. So we asked Cassie Stout to help us out and explain a HELOC. Cassie is the Manager of the Ross County Banking Center on E. Main Street in Chillicothe. As a Retail Banker, she is able to address all of a customer’s needs including help with loans and deposits. She has been with us since 2006 and is a popular fixture at our Ross Main Office.

Cassie Stout

Cassie Stout

Here’s what she had to say:

What is a HELOC?
HELOC stands for Home Equity Line of Credit and is a way to turn the equity in your home into cash.

Why would someone want or need a HELOC?
HELOCs are great for home improvement projects like kitchen and bath renovations, a new garage, or really any upgrade. A HELOC is also good to have if you need cash out for debt consolidation or to fund big life expenses like college or special occasions.

What are the costs related to a HELOC at VCNB?
We offer HELOCs with little to no upfront (closing) costs, and also waive the annual fee for the first year! After that, the annual fee is just $50*.

Why should someone apply for a HELOC at VCNB?
VCNB HELOCs are a great deal for many reasons. The application process is easy, plus we have great rates and low fees.

What do you wish customers knew about a HELOC that they don’t think to ask?
When you open a HELOC with us, you get great payment flexibility for a full fifteen years. That means you can pay just your interest or pay off more at any time. This is a good setup for my borrowers because they can use their HELOC for their initial purpose (like home renovations), but can then have the security of an available credit line for many years to come.

Learn about our current special at our website!

*A Home Equity Line of Credit in an amount over 100,000 will require title insurance and survey fees to be paid.