Question 1

What is Versailles Savings Bank?

Accepted Answer

Versailles Savings Bank is a locally owned and operated community financial institution serving Darke and Shelby counties in western Ohio. With approximately $62 million in assets, the bank specializes in mortgage lending while offering a full range of traditional banking services. As Versailles' oldest financial institution, it has maintained its commitment to personalized customer service and community involvement for well over a century.

The bank operates as a subsidiary of Versailles Financial Corporation, a holding company publicly traded on the OTC Bulletin Board under the symbol VERF.

Question 2

When was Versailles Savings Bank founded?

Accepted Answer

Versailles Savings Bank was founded on December 13, 1887, making it one of Ohio's longest-serving community financial institutions. Originally established as Versailles Savings & Loan, the institution was created to serve the savings and lending needs of the local agricultural and small-town community in Darke County.

For more than 135 years, the bank has continuously served the same community, adapting through numerous economic cycles while maintaining its focus on relationship banking and local ownership. The institution became FDIC-insured on August 9, 1989.

Question 3

Where is Versailles Savings Bank headquartered?

Accepted Answer

Versailles Savings Bank is headquartered in Versailles, Ohio, located at 10413 Kley Road. Versailles is a small town in Darke County in the western part of Ohio.

Question 4

Where does Versailles Savings Bank operate?

Accepted Answer

The bank operates from a single full-service location in Versailles, serving customers throughout Darke County and neighboring Shelby County. The bank's market area encompasses rural agricultural communities and small towns in west-central Ohio, including the Greenville, Ohio micropolitan area.

Despite having only one physical location, the bank serves its regional customer base through digital banking channels and its specialized mortgage lending services.

Question 5

What services does Versailles Savings Bank offer?

Accepted Answer

Versailles Savings Bank offers a complete range of retail banking services including checking accounts, savings accounts, certificates of deposit, and money market accounts. The bank specializes in mortgage lending, which represents its primary focus and expertise, though it also provides consumer loans for various purposes.

Digital banking services include internet banking, ATM services, and remote banking capabilities that allow customers to manage their accounts conveniently. The bank maintains extended hours with drive-thru services available Monday through Friday, with varying hours throughout the week to accommodate customer needs.

The bank employs seven staff members who are known for their fast, friendly service and ability to provide quick answers and personalized attention. Being locally owned and operated allows the bank to make decisions efficiently without waiting for corporate office approval.

Question 6

What makes Versailles Savings Bank unique?

Accepted Answer

Versailles Savings Bank distinguishes itself as the oldest financial institution in Versailles, with a heritage spanning more than 135 years of continuous service to the same community. This longevity reflects the institution's stability and deep understanding of local economic conditions and customer needs.

The bank's specialization in mortgage lending sets it apart from many community banks, allowing it to develop particular expertise in real estate finance. This focus has enabled the bank to serve generations of families in helping them achieve homeownership and property investment goals.

Local ownership through Versailles Financial Corporation ensures that decision-making authority remains in the community, and the bank's small size with just seven employees creates an intimate, relationship-focused banking environment. Customer service is explicitly stated as the bank's number one priority.

The bank's management team, led by President and CEO Jerome F. Bey and Vice President/CFO Cheryl M. Gehret, brings extensive community banking experience and maintains close connections with local customers.

Question 7

What type of financial institution is Versailles Savings Bank?

Accepted Answer

Versailles Savings Bank is classified as a state-chartered savings bank supervised by the Federal Deposit Insurance Corporation (FDIC). It carries certificate number 28703 and operates under a mortgage lending specialization designation.

As a savings institution, the bank historically focused on accepting savings deposits and making mortgage loans, though it has expanded to offer more comprehensive banking services over time. The bank maintains its community bank status with a strong emphasis on relationship banking and local market knowledge. It operates as a non-mutual institution, owned by its holding company shareholders rather than depositors.

Versailles Savings Bank

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About Versailles Savings Bank in the United States