Welcome, Standing Stone Customers! UPDATED 1/26/22
If you have questions about accessing online banking for the first time, please read page 10 of the Customer Welcome Packet here for more information. If you still have questions, please give us a call at 1-800-582-2265. Thank you.
Customer Welcome Packet
You have or will soon receive a packet detailing important information relating to the acquisition and conversion of Standing Stone Bank by The Savings Bank.
If you have any questions, please give us a call at 1-800-582-2265.
IMPORTANT CONVERSION INFORMATION FOR QUICKEN, QUICKBOOKS, AND MINT USERS
Please see the following documents for important information regarding your use of Quicken, Quickbooks and Mint as we convert your Standing Stone deposit accounts to accounts with The Savings Bank. NOTE: We do not utilize QuickBooks Direct Connect, however customers may utilize QuickBooks Express Web or Web Connect in managing their finances. The following documents will help you in conversion. If you have any questions, please give us a call at 1-800-582-2265, opt. 3.
Hello, and welcome to The Savings Bank!
The Savings Bank opened its doors in Circleville, Ohio in 1912, and we’re still headquartered there today. We value the communities we serve, and take pride in reinvesting in those communities, whether through the banking services we offer or the sponsorship and support of important local causes. After all, your community is our community! In welcoming the employees and customers of Standing Stone Bank to our family, we want only to build upon the amazing foundation your institution has already laid.
Our slogan is SmartBanking for a Better Future, and we believe in delivering on the SmartBanking Promise in everything we do.
The Savings Bank wouldn’t be where it is today if we didn’t listen to the needs of our customers and employees. From tech solutions fit for a modern lifestyle to hands-on services, we cover all the bases and always go the extra mile.
Banking is constantly changing, and the needs of customers are changing, too. We at The Savings Bank take care to stay informed and up-to-date on the latest trends and industry news. We recently renovated our website, incorporated new tech solutions, and simplified our account line to better meet the needs of customers.
We have built our reputation on passionate community involvement and reinvestment. From parks to fairgrounds to school facilities, The Savings Bank has given significant contributions to countless community projects. We know that Standing Stone has always shown that same passion for local initiatives, and we can’t wait to see what we can all do together!
The Savings Bank always puts its best foot forward! Our employees and officers serve on countless local boards and committees, providing skill, knowledge and the occasional elbow grease to crucial community projects.
The Savings Bank has always been a community bank, and we intend to stay that way! We have always considered the City of Lancaster a wonderful neighbor, and we’re so thrilled to be able to be a greater part of this vibrant community, one we promise to serve and celebrate with the same vigor we’ve always shown.
The Savings Bank Completes Acquisition of Standing Stone Bank
Circleville, Ohio, November 15, 2021 – Savings Bancorp, Inc., an Ohio Corporation headquartered in Circleville, Ohio, the holding company for The Savings Bank, announced today the completion of its acquisition of Standing Stone Bank, an Ohio State-chartered commercial bank headquartered in Lancaster, Ohio.
After the closing, The Savings Bank has approximately $531 million in assets, $303million in loans, and $465 million in total deposits.
“I am pleased to announce that we have completed our acquisition of Standing Stone Bank, and I am excited to welcome all of our new customers and employees to The Savings Bank. The Savings Bank has been helping people in our communities realize their personal, financial and business goals since 1912,” said Jeff Farthing, President and Chief Executive Officer of The Savings Bank. “I am confident in our ability to deliver expanded and enhanced services to our new customers and to support their business and personal financial needs,” said Farthing.
The acquisition of Standing Stone Bank provides The Savings Bank with the opportunity to expand its footprint into the Lancaster market. The merger was consummated effective November 12, 2021.
ProBank Austin, LLC, served as financial advisor and Shumaker, Loop & Kendrick, LLP served as legal counsel to Savings Bancorp, Inc. and The Savings Bank in the transaction. Gerrish Smith Tuck served as financial advisor and legal counsel to SSNB, Inc. and Standing Stone Bank.
The Savings Bank offers customers a full range of products including traditional, personal and commercial loan and deposit solutions. Additionally, The Savings Bank customers have the option of convenient online and mobile banking and mobile check deposit. Dedicated to providing exceptional customer service while enhancing shareholder value, The Savings Bank has been a trusted and respected community institution since 1912.
About Savings Bancorp, Inc. and The Savings Bank
Savings Bancorp, Inc. is the holding company for The Savings Bank. The Savings Bank, founded in 1912, is a full-service, commercial and retail and bank headquartered in Circleville, Ohio. With the acquisition of Standing Stone Bank, The Savings Bank now operates full-service offices in Circleville, Ashville, Williamsport, London and Lancaster, along with a loan production office in Worthington. More information can be found at www.thesavingsbankohio.bank.