The Hocking Valley Bank: Your Trusted Financial Partner for Stability and Growth

History and Legacy

Hocking Valley Bank traces its roots to 1860, when it was established as the Fairfield County Bank. Over the years, it has merged with several other local banks, including the Carroll Savings Bank and the South Point Bank. Today, Hocking Valley Bank is a strong regional financial institution with 34 branches in Ohio and West Virginia.

Financial Performance and Stability

Hocking Valley Bank has maintained a strong financial position with consistent growth and profitability. According to the Federal Deposit Insurance Corporation (FDIC), as of June 30, 2023:

• Total assets: $1.8 billion
• Total deposits: $1.5 billion
• Net income: $21.3 million
• Return on assets (ROA): 1.2%
• Return on equity (ROE): 10.4%

Products and Services

Hocking Valley Bank offers a comprehensive range of financial products and services, including:

• Personal Banking: Checking and savings accounts, debit and credit cards, loans, mortgages
• Business Banking: Commercial loans, lines of credit, equipment financing, cash management
• Investment Services: Mutual funds, annuities, stocks and bonds, financial planning
• Trust and Estate Services: Estate planning, trust administration, fiduciary services

Commitment to Community

Hocking Valley Bank is deeply committed to the communities it serves. It supports local businesses, non-profit organizations, and educational institutions through various corporate social responsibility (CSR) initiatives. The bank also operates a Community Advisory Board that provides input on its community involvement efforts.

Awards and Recognition

Hocking Valley Bank has been recognized for its financial performance and community involvement. Recent awards include:

• 2023 Best Bank in Ohio - Forbes
• 2022 Top 200 Community Banks in the US - American Banker
• 2021 Best Places to Work in Banking - American Banker

Tips and Tricks for Managing Your Finances with Hocking Valley Bank

1. Use Mobile Banking: Download the Hocking Valley Bank mobile app to access your accounts anytime, anywhere.
2. Set Up Auto-Saving: Automate transfers from your checking account to a savings account on a regular basis.
3. Take Advantage of Online Bill Pay: Pay your bills conveniently and securely online through the Hocking Valley Bank website.
4. Meet with a Financial Advisor: Consult with a Hocking Valley Bank financial advisor to develop a personalized financial plan that meets your specific goals.
5. Use Credit Wisely: Manage your credit responsibly by paying your bills on time and keeping your balances low.

Stories of Impact

1. A Helping Hand for Small Businesses: Hocking Valley Bank provided a small business loan to a local restaurant, helping it expand its operations and create new jobs in the community.
2. Investing in Education: The bank established a scholarship program to support underprivileged students in pursuing higher education.
3. Supporting Local Non-Profits: Hocking Valley Bank donated funds to a local food pantry, providing food assistance to families in need.

What We Learn from These Stories

• Small business lending: Access to capital can empower small businesses to grow and contribute to economic development.
• Investment in education: Education is key to unlocking potential and creating a brighter future for individuals and communities.
• Support for non-profits: Non-profit organizations play a vital role in meeting community needs, and corporate support is essential for their success.

Step-by-Step Approach to Achieving Your Financial Goals with Hocking Valley Bank

1. Assess Your Financial Situation: Determine your income, expenses, and savings habits.
2. Set Clear Goals: Define your financial objectives, whether it's saving for a down payment or planning for retirement.
3. Create a Budget: Track your income and expenses to stay within your means.
4. Explore Investment Options: Consider different investment options to grow your wealth over time.
5. Monitor and Adjust: Regularly review your financial progress and make adjustments as needed.

Pros and Cons of Banking with Hocking Valley Bank

Pros:

• Strong financial performance and stability
• Comprehensive range of products and services
• Commitment to community involvement
• Excellent customer service
• Convenient mobile banking options

Cons:

• Limited branch network outside of Ohio and West Virginia
• Some fees may apply for certain services
• May not offer all the features of larger banks

Why Choose Hocking Valley Bank?

Hocking Valley Bank is a proven financial institution that offers competitive products, services, and personalized guidance. It is committed to building long-term relationships with its customers and supporting the communities it serves. Whether you are an individual looking for personal banking solutions or a business seeking financial assistance, Hocking Valley Bank is your trusted partner for financial stability and growth.

Tables

Table 1: Hocking Valley Bank Financial Performance

Table 2: Hocking Valley Bank Products and Services

Table 3: Hocking Valley Bank Awards and Recognition