 ABOUT GEAUGA SAVINGS BANK
In 1983, Geauga Savings Bank opened its doors in Newbury, Ohio
as the first savings and loan ever incorporated in Geauga County. Since
then, we have grown to become a financially strong institution with
more than $550 million in assets. Today, we're a federally insured
savings bank that offers a variety of savings products as well as
mortgage loans to refinance, purchase, construct or rehabilitate
properties.
- 1983
- Geauga Savings Association was established by local businessmen as
the very first savings and loan chartered in Geauga County. Robert
Bloom was elected as Chairman and Mr. Pete Roper as President.
- 1985
- The Middlefield Branch was opened to better serve eastern Geauga
County residents.
- 1987
- Betty Kimbrew was elected President of Geauga Savings Bank, a
position she still holds today.
- 1992
- We converted from a state-chartered savings and loan to a
state-chartered savings bank. Under the new charter, our regulators
became the Federal Deposit Insurance Corporation (FDIC) and State of
Ohio, Division of Financial Institutions. That same year, Lloyd Clemmer
was appointed Chief Financial Officer and our Newbury office was
expanded by 1,300 square feet.
- 1994
- Our Middlefield Branch relocated to larger offices at Harrington
Square shopping center, allowing us to offer a convenient, drive-up
window. That same year, we remodeled and expanded our Newbury office by
1,600 square feet to house our growing lending and support personnel,
including Jennifer Brickman, Treasurer.
- 1995
- Vicky Berger, Human Resource Director and Privacy & Security
Officer, joined us.
- 1996
- Joan LaMarca, our current Executive Vice President joined us,
completing our current executive management team.
- 1997
- Geauga Savings Bank became a wholly owned subsidiary of Maple Leaf
Financial, a unitary bank holding company formed to allow our expansion
into other areas of business.
- 2002
- Our successful capital-raising efforts allowed us to offer an even
greater variety of non-conforming lending products. During the 2nd
quarter of 2002, our total assets reached a record $200 million.
- 2003 - We opened a lending
office in Chardon, a Commercial lending office in Newbury.
- 2005 - Our lending
business was expanded to include offices in Lakewood and Solon. Our
total assets reached 574 million.
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