Woodsfield Savings Bank: A Trusted Financial Partner in Woodsfield, Ohio

Introduction
Woodsfield Savings Bank has been a cornerstone of the Woodsfield, Ohio community for over a century. With a long history of providing exceptional financial services, the bank is dedicated to helping individuals, families, and businesses achieve their financial goals.

History and Mission

Woodsfield Savings Bank was established in 1891 as a mutual savings institution. Throughout its history, the bank has remained true to its mission of providing safe and sound banking services while actively supporting the community.

Products and Services

Woodsfield Savings Bank offers a comprehensive range of financial products and services tailored to meet the needs of its diverse customer base. These include:

• Personal Banking: Checking and savings accounts, debit cards, online banking, mobile banking, and more.
• Business Banking: Business checking and savings accounts, business loans, merchant services, and more.
• Mortgage Lending: Home loans, refinancing options, and home equity loans.
• Investment Services: Brokerage services, financial planning, and investment advisory services.
• Trust and Estate Services: Trust administration, estate planning, and other wealth management services.

Community Involvement

Woodsfield Savings Bank deeply values its role as a community partner. The bank actively supports local organizations, charities, and community events. It also provides financial literacy programs and workshops to help individuals and businesses improve their financial well-being.

Financial Strength and Stability

Woodsfield Savings Bank is a financially sound and well-capitalized institution. The bank boasts a strong balance sheet with ample liquidity and a low level of non-performing loans. Its capital adequacy ratios consistently exceed regulatory requirements, ensuring its ability to withstand economic challenges.

According to the FDIC, Woodsfield Savings Bank has a 5-star financial health rating, the highest rating available.

Key Financial Metrics (As of December 31, 2023)

Customer Satisfaction

Woodsfield Savings Bank consistently receives high ratings from its customers. The bank is known for its friendly and knowledgeable staff, personalized service, and commitment to meeting customer needs.

According to J.D. Power, Woodsfield Savings Bank has been ranked among the top banks in Ohio for customer satisfaction for several consecutive years.

Tips and Tricks for Banking with Woodsfield Savings Bank

• Take advantage of online and mobile banking: Bank on your own time, anywhere, with the bank's convenient digital services.
• Set financial goals: Work with bank representatives to create a plan to achieve your savings and investment targets.
• Explore automated savings features: Set up automatic transfers from your checking to savings accounts to build your financial cushion.
• Consider investment services: Grow your wealth with professionally managed investments and financial advice.
• Attend community events: Get involved with the bank's sponsored events and support local organizations.

Common Mistakes to Avoid

• Not setting financial goals: Without clear goals, it can be difficult to track progress and stay motivated to save and invest.
• Ignoring credit card debt: High-interest credit card balances can quickly drain your savings. Prioritize paying down debt to improve your financial health.
• Not reviewing your financial statements: Regular review of bank statements and investment accounts helps you track spending, identify areas for improvement, and make informed financial decisions.
• Overextending yourself with loans: Taking on too much debt can put a strain on your budget and hinder your ability to meet other financial obligations.
• Ignoring financial emergencies: Be prepared for unexpected expenses by maintaining an emergency fund to cover unforeseen costs.

Frequently Asked Questions (FAQs)

1. What are the hours of operation for Woodsfield Savings Bank?

• Monday-Friday: 9:00 AM - 5:00 PM
• Saturday: 9:00 AM - 12:00 PM

2. What is the minimum deposit required to open an account?

• $25 for savings accounts
• $100 for checking accounts

3. Does Woodsfield Savings Bank offer mobile banking?

• Yes, mobile banking is available for both Apple and Android devices.

4. What is the interest rate on savings accounts?

• Rates vary depending on account type and balance. For current rates, please contact the bank or visit their website.

5. Can I apply for a loan online?

• Yes, you can apply for a personal loan or mortgage online through the bank's website.

6. What is the bank's routing number?

• 245185346

7. How can I contact customer service?

• By phone: (740) 472-2265
• By email: [email protected]

8. Where are Woodsfield Savings Bank branches located?

• Woodsfield, Ohio (main office)
• Summerfield, Ohio
• Sarahsville, Ohio
• Miltonsburg, Ohio
• Bellaire, Ohio

Call to Action

If you are looking for a trusted and reliable financial partner in Woodsfield, Ohio, look no further than Woodsfield Savings Bank. With over 130 years of service, the bank is committed to helping you achieve your financial goals. Visit their website or visit a branch today to learn more about their comprehensive range of products and services.