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BankingNews
1st Quarter 2015
Washington Savings Bank Quarterly Newsletter
First Federal Savings and Loan of Mattoon
to Merge with Washington Savings Bank
You may have heard about our exciting
announcement recently that First Federal
Savings and Loan of Mattoon, Illinois will be
merging with Washington Savings Bank no
later than June 30, 2015, pending approval by
bank regulators.
So, what does this mean for you as our
customers? First, all Washington Savings Bank
customers will have the convenience of a third
full-service branch located in Mattoon. Many
people travel from Effingham to Mattoon for
work, shopping, and recreation activities.
Additionally, Effingham area customers will
now have access to an experienced team
of Trust and Investment
bankers. This is a new
service we can offer
because of the merger.
Another significant
benefit of this merger is
the combined financial
strength of Washington
Savings Bank. With
the added equity and
resources, Washington
David Doedtman
Savings Bank will now be
Washington Savings Bank
able to offer commercial
customers more support by means of making
larger loans in both the Effingham and
Mattoon markets.
Finally, we are pleased to welcome the
entire staff of First Federal Savings and Loan
to our Washington family. David Doedtman
will continue to serve as President, CEO of
Washington Savings Bank. Jon Spitz, currently
President of First Federal,
will serve as Senior VicePresident and Mattoon
Market President of
Washington Savings Bank.
As a customer, you might
be concerned about
the price of this bank
merger. We are happy
to report that no cash will
Jon Spitz
be exchanged for this
First Federal of Mattoon
merger, and our assets
and equity will be combined. Both parties
agree this is a win-win for both the customers
and the bank.
You will soon receive a notification in the mail
and be asked to approve this merger. Please
watch for this in the mail.
If you have any concerns about the merger
or the voting document that you will be
receiving, please contact the bank at
217-347-7173 or send an email to
[email protected].
Do You Kasasa?
Start earning interest and rewards with your accounts
In 2014, we launched our
Kasasa accounts, and through
this launch, we have offered
our customers a variety of
accounts to meet their needs.
designed for you if you want
to put money back in your
pockets by earning cash
back on everyday debit card
purchases.
For those who are still
uncertain about which
account best suits their
lifestyle, here is a brief guide to
get you started.
• Kasasa Tunes -- Kasasa
Tunes® is a free checking
account that let’s you crank
up your rewards – including
payouts you can really use,
like free music, apps, movies
and more. Earn Amazon®
and iTunes® downloads each
month – downloads you can
Checking Accounts – All
Kasasa Checking Accounts
are FREE:
turn into whatever sound or
storyline you choose. It’s the
freedom to move and shake
to your own rhythm and
receive nationwide ATM fee
refunds.
Our friendly staff knows the
ins and outs when it comes
to Kasasa accounts. Stop by
either of our two locations to
talk to us today! Or, if you are
ready to sign up for a Kasasa
account, visit our website at
www.washingtonsavings.net.
• Kasasa Cash -- Kasasa
Cash® is a free checking
account that pays you high
interest in cash every month
with no minimum balance,
no monthly fees, free online
banking and nationwide ATM
fee refunds. It’s perfect for you
if you want free checking that
delivers extra cash in interest
each month and nationwide
ATM fee refunds.
• Kasasa Cash Back -Kasasa Cash Back® is a free
checking account that puts
money back in your pockets
by earning cash back on
debit card purchases. It’s
Online Mortgage Center
Apply for a home loan in less than 20 minutes with our online service
Financing the purchase
of your next home can be
overwhelming, but we have
simplified the process with our
new Online Mortgage Center.
In less than 20 minutes, you
can complete an electronic
mortgage application from
the comfort of your home
. . . or anywhere you have
internet access!
It just takes three simple steps:
1. Complete the online
application on our website.
2. Click Submit to receive
instant online approval.
3. A loan professional from our
lending team will contact you
to answer any questions you
may have and to lead you
through the loan process.
Our goal is to provide the
highest level of service
at competitive rates. Our
Mortgage Loan Officers are
only a phone call away.
Contact us at 217-347-7173 or
by e-mail at wsbmortgage@
washingtonsavings.net.
Equal Housing Lender
Member FDIC.
New Positions Announced
Burgholzer, Bushue and Fearday take on new roles
Casey
Burgholzer
has
accepted
the
position
as branch
manager at our Keller
Drive location. She had been
employed by Centrue Bank
since February of 2010, before
joining Washington Savings
Bank with its acquisition of
the Keller Drive facility from
Centrue in June 2010.
Burgholzer resides in Effingham
with her husband, Andy. They
have a 5-year-old daughter
and are expecting a baby boy
in April. She also is active in the
community, including serving
as a mentor for the Effingham
Unit 40 Mentoring Program.
Greg
Bushue has
accepted
the position
of personal
banker at
the Keller
Drive location. Bushue has
worked at the bank for over a
year and will take on the new
position of personal banker at
the Keller Drive location. Before
coming to work at the bank,
Bushue worked at Dan Hecht
Chevrolet Toyota as an F&I
Manager.
Ryan Fearday,
who had
previously
served as
the Keller
Drive Branch
manager, has
relocated to the Banker Street
location where he will focus on
consumer and small business
lending.
Fearday resides in Effingham
with his wife, Ann, and two
daughters, a 2-year-old and a
newborn. He is a member of
YBNext, where he serves on the
Effingham County Chamber
of Commerce’s Future Fair
Committee and Scholarship
Selection Committee.
Bank introduces a fresh new design
We have stayed true to our
brand, but our look has been
freshened up!
4 Kids
Bushue, who resides in
Effingham, serves as Vice
President/President Elect on the
YBNext Board and is a member
of Knights of Columbus.
New Year Brings a New Look
We have got the look . . . a
new look for the New Year! Our
customers will notice that things
look a little different around the
bank because we will be rolling
out our new logo and newly
designed materials over the next
few months.
money ¢ents
Fun Facts:
• There are 293 ways to make
change for a dollar.
• The most common time
for a bank robbery is
Friday, between 9 and 11
am. The least likely time is
Wednesday, between 3
and 6 pm.
• A dime has 118 ridges
around the edge, a quarter
has 119.
• A million dollars’ worth
of $100 bills weighs only 22
pounds!
• America once issued a
5-cent bill.
• Americans spend more
than 5.4 billion dollars on
their pets each year.
• Each day, more than $40
Trillion Dollars changes
hands worldwide.
• It costs about 3 cents to
make a $1 bill in the United
States.
• On average, the life span
of an American dollar bill is
18 months.
http://www.funfunnyfacts.com
/Fun-Money-Facts.html
200 S. Banker Street
Effingham, IL 62401
200 S. Banker Street
217-347-7173
Lobby Hours:
Monday-Thursday - 8:30 am-4:30 pm
Friday - 8:30 am-5:00 pm
Saturday - 8:30 am-12:00 noon
Drive-thru Hours:
Monday-Thursday - 7:30 am-5:00 pm
Friday - 7:30 am-6:00 pm
Saturday - 7:30 am-12:00 noon
24-Hour ATM
Stop by and see us at the
HOME BUILDERS SHOW!
February 7-8
Come In and Relax
Booth
#68
Keller Drive location adds coffee bar, free Wi-Fi
Our Keller Drive branch has
always been welcoming, but
now, we invite you to come in
and take a break!
1300 N. Keller Drive
217-347-7127
Lobby Hours:
Monday-Thursday - 8:30 am-4:30 pm
Friday - 8:30 am-5:00 pm
Saturday - 8:30 am-12:00 noon
Drive-thru Hours:
Monday-Thursday - 7:30 am-5:00 pm
Friday - 7:30 am-6:00 pm
Saturday - 7:30 am-12:00 noon
24-Hour ATM
We recently remodeled the
facility to include a coffee bar,
comfortable seating area and
FREE Wi-Fi.
So, next time you are buzzing
around Keller Drive, take a
minute to stop by our branch,
sit back, catch your breath and
enjoy a cup of coffee on us!