Jon Bagley new director for VW Federal

Van Wert Federal Savings Bank information

On January 21, Van Wert Federal Savings Bank held its 125th annual meeting. At the meeting, Jon D. Bagley was elected as the newest director of Van Wert Federal Savings Bank.

Bagley has been very active in the community, serving as past chairman of the Van Wert County Hospital Board of Directors, and past president of both the YMCA and Sertoma Club. Additional boards that he has served on include the American Red Cross, United Way, Van Wert County Board of Developmental Disabilities, Vancrest Management Corporation and Braun Industries. Bagley is also an active member and elder of LifeHouse Church

Bagley is a graduate of Tri State University and also holds a master’s degree in business administration from the University of Saint Francis, where he serves as an adjunct professor. He is employed at Vancrest Management Corporation as vice president of operations. Bagley and his wife, Joy, have three children: Katie, Aaron and Jake.

Bagley joins Michael Zedaker, Charles Koch, Gary Clay, Michael Gearhart, and Edd Buhl as directors of Van Wert Federal.

Van Wert Federal Savings Bank is the oldest and strongest locally owned and operated bank in Van Wert County, with assets of $118,505,000 and a net worth of $22,968,200. In recognition of this strong reserve position and its sound operating practices, Van Wert Federal Savings Bank received the Bauer Financial Sustained Superiority Award of 5 stars for the 26th consecutive year, an honor that fewer than 1 percent of the 6,891banks in the United States have received.

During 2014, Van Wert Federal Savings Bank also received its second consecutive “outstanding“ CRA rating. This is in recognition for meeting the credit needs of the Van Wert community, including low- and moderate-income neighborhoods, while operating with safe and sound banking practices for the past five years. Van Wert Federal is the only locally owned and operated bank to have an “outstanding” rating.