Southern Indiana Business Report
FRENCH LICK – Springs Valley Bank & Trust Company recently named J. Craig Buse as president and CEO. Buse will lead the financial institution following the retirement of Jamie Shinabarger, whose retirement as president and CEO was effective Dec. 31.
Buse holds a Bachelor of Science degree in computer science and a Master’s in information security from Capella University. He is a 2012 graduate from the Graduate School of Banking in Madison, Wisconsin. Buse completed the Dubois County Leadership Academy in 2011 and was awarded the Independent Community Bankers “Rising Star” Award in 2009. He serves on the boards of Radius Indiana, Dubois Strong, ISCDC and SWICACC.
“I am deeply grateful for the opportunities that I have been given and the trust placed in me. I look forward to continuing our efforts to uphold the Bank’s mission and make a meaningful impact in the years ahead,” Buse said in a press release. “I would also like to extend my best wishes to Jamie for a fulfilling and well-deserved retirement.”
Craig resides in Spencer County with his wife, Erika, and two children, Chase and Colton.
Shinabarger retires
Shinabarger will remain on the Board of Directors at Springs Valley Bank & Trust Company after his retirement as CEO.
“My 16 years at Springs Valley cap a 44-year finance career, and I’m grateful for the Hoosiers I have worked with and friends I have made on this journey. The staff here at Springs Valley, led by our senior management team and Board of Directors, has been a very vital component of the progress, results and franchise value we have created during my tenure,” Shinabarger said in a statement. “I wish J. Craig Buse all the best as he takes the reins on January 1, 2025.”
Prior to joining Springs Valley in 2008, Shinabarger was president and CEO of Hicksville Building, Loan & Savings Bank in Ohio. Shinabarger began his career in 1980 as an ag loan officer and appraiser with the Federal Land Bank of Bryan, Ohio, then served as a loan asset specialist with the consolidated Farm Credit Services of Defiance, Ohio.
While at Springs Valley Bank & Trust, Shinabarger has served on several regional boards and executive committees including Dubois Strong and Radius Indiana and is an active member of the Kiwanis Club of Jasper and Junior Achievement. He is also a member of the Indiana Bankers Association 40-Year Club and received the prestigious honor as a Sagamore of the Wabash by Gov. Eric Holcomb in August 2023.