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2018

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The Old Fort Banking Company Seeks To Open Financial Center In Xenia

Tiffin, OH.  The Old Fort Banking Company announced that it has applied to establish a financial center in Xenia, Ohio at 88 South Progress Drive.  The building, which was originally built and opened in 2003 for a local credit union, has a long history as a banking destination.

Subject to regulatory approval, the proposed financial center would represent Old Fort’s 10th location in Ohio, and the second in Greene County, joining the Sugarcreek Township location.

 “Adding a comprehensive range of banking services to the Xenia market reinforces Old Fort’s commitment to the local community and to Greene County,” said Dave Walton, Executive Vice President & Chief Lending Officer of Old Fort Bank.  “It will enhance our ability to better serve more of the community and the businesses in the heart of the county.”

The proposed financial center will offer full-service banking, a drive up ATM, 2 drive-thru teller lanes and various other banking related services. The office will feature a consultative setting for client meetings as well as modern and convenient banking technologies.  Old Fort is targeting a fall opening.

Established in 1916, the employee owned bank has assets totaling approximately $530 million and operates through a community banking model that is the foundation for local decision making and provides the basis for client service that is reliable, responsive and competent.  The Old Fort Banking Company proudly serves Allen, Greene, Hancock, Sandusky, Seneca and Wood Counties, with financial centers in Bettsville, Clyde, Findlay, Fostoria, Fremont, Old Fort, Tiffin and Sugarcreek Township.  Old Fort operates a commercial loan production office in Lima and also has a mortgage loan production facility in Xenia.  Old Fort is a recognized leader in community banking throughout the area in assisting members of the community, including local businesses and corporations.        

 

 

We're Making Things Happen In Our Community

When it comes to helping others, we're rolling up our shirt-sleeves and pitching in. At The Old Fort Banking Company getting involved in the community is an important part of our business. Everyday we're working hard to make the community an even better place to live. Coordinating fund drives. Helping out when worth projects need volunteers. And lending our people and skills for worthwhile programs. Next time you drive past our bank remember that the people inside are working together to make things happen...for the community...and for you.

You're Welcome Here

The world may be changing but some things never change. People naturally like to bank where they feel welcome. Where they’re not just a number. Where their business is appreciated.

The people at Old Fort Bank believe strongly in serving our clients well. We take the time to really know our clients, providing the kind of personal service that makes them feel right at home.

When you come in we make it a point to personally greet you and answer any questions you might have about the services we provide. We’ll show you the right savings plan, or the personal or commercial loan that will work best for you. And we’ll do it with all the assurance of a strong and stable community bank.

If we sound like your kind of bank, please stop in and see us. Think of us as someone you can depend on. We’ll work to provide you with all the important services only a community bank can offer, helping you achieve your dreams and goals, today and tomorrow.

Dianne Krumsee to Retire as Old Fort Bank and Gillmor Financial Services, Inc. Chairman; Michael Spragg to Succeed

Tiffin, Ohio, February 23, 2018 – Dianne Gillmor Krumsee, chairman of the board of The Old Fort Banking Company and Gillmor Financial Services, Inc. announced today that she will retire following the Annual Meeting of Shareholders on April 13, 2018. Old Fort Bank and Gillmor Financial Board of Directors elected Michael C. Spragg, the company’s president and chief executive officer, to succeed Krumsee as chairman in addition to his current responsibilities, effective at the April board meeting.

"Dianne has been a significant contributor to the overall success of our organization, providing a passion for community banking that has helped put us on a path for long-term success and independence," Spragg said. “We remain profoundly grateful for her dedication and commitment at crucial times during the bank’s long history."

Krumsee wholeheartedly supported the formation of the 2015 Employee Stock Ownership and 401(k) Plan-ESOP Component Trust, a move designed to allow bank employees to acquire over 45 percent of the common stock of Gillmor Financial Services, Inc. and thereby indirectly acquiring control of The Old Fort Banking Company. The formation of the ESOP enabled Krumsee to carry on Old Fort’s tradition of community banking while ensuring the continuing success of the organization. She has been a member of the board of directors of The Old Fort Banking Company and Gillmor Financial Service, Inc. since 1991 and has served as chairman since 2007. Krumsee is the third generation to serve as board chairman, following in the footsteps of her grandfather, Howard J. Fry, and her father, Paul M. Gillmor. She followed her brother, Paul E. Gillmor, who also served as the board chairman. Commenting on Spragg’s election, Krumsee said, "The Old Fort Banking Company and Gillmor Financial Services, Inc. are in excellent hands. Our board of directors has a sincere respect for Mike’s integrity, leadership ability and commitment to community banking. With his business acumen and his strategic vision for the future of our organization, the board has determined that the time is right for Mike to assume the additional role as chairman."

Spragg joined Old Fort in July of 2007 as the bank’s president and chief executive officer and was named president and chief executive officer of Gillmor Financial Services, Inc. in 2010. He earned a B.A. in Business Administration from Catawba College and an MBA in finance from the University of Findlay. Spragg has over 28 years of experience in the banking industry.

Established in 1916, The Old Fort Banking Company has assets totaling approximately $525 million and proudly serves Allen, Greene, Hancock, Sandusky, Seneca and Wood Counties, with financial centers in Bettsville, Clyde, Findlay, Fostoria, Fremont, Old Fort, Tiffin and Sugarcreek Township. Old Fort operates a commercial loan production office in Lima and also has a mortgage loan production facility in Xenia. Old Fort is a recognized leader in community banking throughout the area in assisting members of the community, including local businesses and corporations.

Richard J. Demko Named Senior Vice President

Richard DemkoDave Walton, Executive Vice President and Chief Lending Officer of The Old Fort Banking Company, is pleased to announce that Rich Demko has been named Senior Vice President. "Rich’s exceptional leadership, professionalism and tireless commitment to the bank have proven to be instrumental in the success and growth of our organization. We are pleased to recognize his achievement and value his commitment to Old Fort Bank," stated Dave Walton.

In his role as Senior Vice President, Demko will continue to establish and maintain commercial relationships with clients. He will develop and execute loan portfolio strategies, monitor loan performance and risks as well as identifying opportunities and sharing his expertise in working with the professional business community. "I am pleased to have received this recognition and sincerely believe in the leadership and values The Old Fort Banking Company has come to be known for. It is my pleasure to be part of the senior management team and to share in the success and growth of the bank," Demko commented.

Demko joined Old Fort as Vice President in September 2008, as the bank expanded its footprint to include Greene County. With over 26 years of community banking experience, Demko's leadership, success in building client relationships and vision for the future has proven to be a tremendous asset to the bank.

Mr. Demko holds a Bachelor of Business Administration from Kent State University and a Master of Business Administration from the University of Dayton.

Founded in 1916, The Old Fort Banking Company is an independent bank that operates through a community banking model that is the foundation for local decision making and provides the basis for client service that is reliable, responsive and competent. Headquartered in Tiffin, Ohio, Old Fort has assets totaling approximately $530 million. The Old Fort Banking Company proudly serves Allen, Greene, Hancock, Sandusky, Seneca and Wood Counties, with financial centers in Bettsville, Clyde, Findlay, Fostoria, Fremont, Old Fort, Tiffin and Sugarcreek Township. Old Fort operates a commercial loan production office in Lima and also a mortgage loan production center in Xenia. Old Fort is a recognized leader in community banking throughout the area in assisting members of the community, including local businesses and corporations. Old Fort Bank NMLS 631428. Equal Housing Lender. Member FDIC.

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