Question 1

What is Woodsfield Savings Bank?

Accepted Answer

Woodsfield Savings Bank is a community-focused commercial bank serving eastern Ohio with a specialization in consumer lending. Headquartered in Woodsfield, Ohio, the bank operates three branch locations across Monroe, Belmont, and Harrison counties.

With approximately $112.5 million in total assets and $102.6 million in deposits, Woodsfield Savings Bank has maintained its commitment to personalized community banking for over 135 years. The institution employs approximately 26 staff members and maintains strong regulatory capital ratios, demonstrating financial stability and prudent management.

Question 2

When was Woodsfield Savings Bank founded?

Accepted Answer

Woodsfield Savings Bank was founded on March 12, 1887 as Woodsfield Building and Loan. The institution was established to serve the financial needs of the local community in Woodsfield and surrounding areas of Monroe County, Ohio.

Over its long history, the bank has evolved through several name changes. It transitioned from Woodsfield Building and Loan to Woodsfield Savings and Loan, and finally adopted its current name, Woodsfield Savings Bank, in 1995. Despite these changes, the bank has maintained its original mission of serving its community with personalized financial services.

The institution has grown significantly from its origins as a building and loan association, expanding from a single location to three branches while preserving its community banking values.

Question 3

Where is Woodsfield Savings Bank headquartered?

Accepted Answer

Woodsfield Savings Bank is headquartered in Woodsfield, Ohio, located in Monroe County in the southeastern part of the state. The main office is situated at 600 Lewisville Road, Woodsfield, OH 43793.

Woodsfield is a small town that serves as the county seat of Monroe County, providing the bank with deep roots in the local community it has served since 1887.

Question 4

Where does Woodsfield Savings Bank operate?

Accepted Answer

Woodsfield Savings Bank operates three branch locations across southeastern Ohio, serving customers in Monroe, Belmont, and Harrison counties:

Woodsfield Branch (Main Office): 600 Lewisville Road, Woodsfield, OH 43793

Barnesville Branch: 201 North Chestnut Street, Barnesville, OH 43713 (opened in 2017)

Cadiz Branch: 202 West Market Street, Cadiz, OH 43907

All three locations offer full banking services with lobby hours Monday through Friday from 8:00 AM to 5:00 PM, and drive-through services Monday through Friday from 8:00 AM to 5:00 PM and Saturday from 8:00 AM to noon. The bank primarily serves rural and small-town communities in eastern Ohio.

Question 5

What services does Woodsfield Savings Bank offer?

Accepted Answer

Woodsfield Savings Bank provides a comprehensive range of personal and business banking services tailored to community needs:

Deposit Services: Checking accounts, savings accounts, certificates of deposit (CDs), retirement accounts (IRAs), and money market accounts.

Lending Services: The bank specializes in consumer lending, offering mortgage loans, home equity loans, consumer loans, and commercial and industrial loans. As of 2025, the bank maintains approximately $79 million in total loan portfolio, with significant concentrations in real estate lending ($63.6 million) and consumer loans ($11.1 million).

Digital Banking: Online banking with bill pay services, mobile banking app for iOS and Android devices, mobile check deposit, transaction alerts, and debit cards with chip-enabled and contactless payment technology.

Additional Services: Safe deposit boxes, notary public services, wire transfers, credit card processing solutions for businesses, identity theft protection, and College Ave student loans through partnership programs.

The bank is a member of the Independent Community Bankers of America (ICBA), demonstrating its commitment to community banking principles.

Question 6

What makes Woodsfield Savings Bank unique?

Accepted Answer

Local Decision-Making: Unlike larger regional or national banks, Woodsfield Savings Bank maintains completely local decision-making authority. All lending and banking decisions are made by staff and directors who live in the communities they serve, allowing for personalized evaluation of customer circumstances beyond just credit scores and account numbers.

Long-Standing Community Commitment: With over 135 years of continuous service since 1887, the bank has built generational relationships with families and businesses in southeastern Ohio. The institution emphasizes knowing customers by name and treating them as "friends and neighbors."

Employee and Director Composition: The bank employs over 20 staff members and 7 directors who all reside in the communities served, ensuring genuine understanding of local economic conditions and customer needs.

Financial Stability: The bank maintains strong regulatory capital ratios, including a Tier 1 Leverage Ratio of 8.66%, Tier 1 Capital Ratio of 14.34%, and Total Capital Ratio of 15.54%, all well above regulatory minimums. This demonstrates the institution is well-capitalized and financially stable.

Consumer Lending Specialization: The bank has developed particular expertise in consumer lending, making it well-suited for personal loans, auto financing, and residential mortgages for individuals and families.

Question 7

What type of financial institution is Woodsfield Savings Bank?

Accepted Answer

Woodsfield Savings Bank is a state-chartered commercial bank with a consumer lending specialization. It is regulated by the Federal Deposit Insurance Corporation (FDIC) under FDIC Certificate Number 32292.

As a state commercial bank, Woodsfield Savings Bank is chartered under Ohio state banking laws rather than federal banking statutes. The institution is not a member of the Federal Reserve System but maintains FDIC insurance, protecting deposits up to applicable limits.

The bank's classification as having "consumer lending specialization" reflects its primary focus on serving individual consumers and families rather than large commercial or corporate clients. This specialization aligns with its community banking model and the predominantly residential and small-business character of its market area in rural southeastern Ohio.

The institution operates as an independent community bank without affiliation to a larger bank holding company, maintaining its autonomy and local control.

Woodsfield Savings Bank

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About Woodsfield Savings Bank in the United States