Press Releases

Victor H. Weaver Retires as CEO
Rachel D. Miller Appointed as CEO and to Board of Directors
Matthew M. Miller Promoted to Executive Vice President

KILLBUCK, OHIO, FEBRUARY 2024: The Board of Directors of The Killbuck Savings Bank Co. announces a transition in leadership that will leverage the strong capabilities of its executive team, providing continuity in management and underscoring the Company’s focus on the long-term growth of the Bank.

Victor H. Weaver retires as CEO on February 29, 2024. Weaver has been a leader and mentor to many during his career spanning more than three decades. On behalf of the Board of Directors, Chairman Dean Mullet recognized Mr. Weaver for his steadfast dedication, loyal service and direction that lead the bank through a major core conversion, which provided the foundation needed for continued growth.  Mr. Weaver will remain on the Board of Directors at The Killbuck Savings Bank. 

At the February Board of Directors Meeting, Rachel D. Miller was sworn in as a member of the Board and also appointed CEO.  Mrs. Miller joined the bank in 2002.  As a West Holmes graduate, she began her career while attending Malone College where she earned her Bachelor of Science degree in Accounting and Business Administration. She has held several positions within the Bank, including Credit Analyst, Controller, CFO and is the current President. Rachel serves on the Holmes County Chamber of Commerce Board of Directors.  She resides in Millersburg with her husband, Joe, and their three children.   

Additionally, Matthew M. Miller has been promoted to Executive Vice President.  Mr. Miller joined Killbuck Savings Bank in 2019 as VP/Chief Lending Officer.  Miller graduated from Eastern New Mexico University with a Masters of Business Administration.  He has over 30 years of experience working in the financial industry.   Matthew was born and raised in Wayne County and graduated from Waynedale High School.  He serves on the Board of Mental Health and Recovery for Wayne and Holmes County, is a board member for the Chromosome 18 Registry, and also volunteers on the Wayne County Home and Garden Show committee. He, and his wife, Julie, have two daughters and reside in Wooster.

Rachel and Matt both share a fierce commitment to community banking now and in the future. They are dedicated to ensure the continued growth of the bank while maintaining a community banking atmosphere for the customers and employees.   

About The Killbuck Savings Bank Co.

Since 1900, The Killbuck Savings Bank Co. has had their corporate offices in Killbuck, Ohio.   For 130 consecutive quarters, The Killbuck Savings Bank Co. has held a 5-Star rating by Bauer Financial. A 5-Star bank rating, means the Bank excels in areas of capital adequacy, profitability, asset quality, and much more. This makes The Killbuck Savings Bank Co. one of the strongest community banks in the nation.

Killbuck Savings Bank Company has been an enthusiastic supporter of the people and organizations in the communities it serves, which is also where its employees live, work and play. A dedicated banking partner, yes, but so much more. Supporting the community is what it does, and what it has done for 124 years. This community-focused bank wouldn’t have it any other way.

With $845 million in assets and over 140 employees, The Killbuck Savings Bank Co. specializes in community banking and currently operates 11 full-service locations.

August 2022, Ohio--   Mr. Vic Weaver, President, and CEO of The Killbuck Savings Bank, recently announced the appointment of Lee Fitzsimmons as Vice President/Commercial Loan Officer at the Kidron location.   

Fitzsimmons’ brings 40 years of financial experience and knowledge to his new role at Killbuck Savings Bank. He has earned a reputation in the community as a respected banker who demonstrates care and compassion for his customers.    “We are pleased to welcome Lee to our Commercial Banking team and look forward to his contributions in expanding our presence in Kidron and the surrounding Wayne County area,” said Weaver.   

In the community, Lee serves on the Holmes County Economic Development Council and volunteers at the Fredericksburg Community Library. He and his wife, Jackie are lifelong residents of Wayne County and have one son, Sean. Lee is an avid historian, especially regarding history surrounding the railroad systems.  He and his family enjoy camping, hiking and searching for old, abandoned towns.     

When asked, why Killbuck Savings Bank?  His reply was simple - “they value the same things I value, local people, local decisions, local commitment.  I look forward to continuing to assist the businesses in Wayne County as I have for the past 20 years,” said Fitzsimmons.  Although he is based out of the Kidron office of the bank, his preference is to meet with his customers at their home or business believing that it provides him with a richer perspective of their goals.  His dedication to his customers is reflected in the fact that his cell phone continues to be the best way to reach him at 330-464-7500.

About The Killbuck Savings Bank Co.

Killbuck Bancshares, Inc. operates as the holding company for The Killbuck Savings Bank Co. of Killbuck, Ohio, which provides retail banking services to individuals and businesses.

Founded in 1900, The Killbuck Savings Bank Co. offers personal banking products, such as checking and saving accounts; personal lending products that include home equity, construction, and personal loans; credit cards; E-banking services, such as online and mobile banking, and bill payment services. Business lending products include commercial real estate, business, and agricultural loans, business credit cards, and business lines of credit.

For more than twenty-five consecutive years, The Killbuck Savings Bank Co. has held a 5-Star rating by Bauer Financial. A 5-Star bank rating, meaning the Bank excels in areas of capital adequacy, profitability, asset quality, and much more. This makes The Killbuck Savings Bank Co. one of the strongest community banks in the nation.

With $766 million in assets and over 130 employees, The Killbuck Savings Bank Co. specializes in “community banking” and currently operates eleven full-service locations.

LEADERSHIP CHANGES TO FOSTER FUTURE GROWTH AND SUCCESS AT THE KILLBUCK SAVINGS BANK CO.

Justin Pike appointed Chief Financial Officer (CFO)
Rachel D. Miller to Become President
Victor H. Weaver to Remain Chief Executive Officer (CEO)

KILLBUCK, OHIO, OCTOBER 2022: The Board of Directors of The Killbuck Savings Bank Co. recently announced transitional changes to the executive team which will provide continuity in management while remaining focused on the long-term growth of the Bank.

Justin J. Pike has joined The Killbuck Savings Bank as Chief Financial Officer.  Pike is a graduate of Kent State University where he earned a Bachelor of Science degree in Accounting.    After 23 years in the financial industry, he is excited to work at an established and growing community bank. “I am looking forward to working at The Killbuck Savings Bank where the culture and focus is on the importance of Community and investing in the growth and economic vitality of all the areas we serve”, said Pike.   

Rachel D. Miller has been promoted to President.  Miller began her career at The Killbuck Savings Bank in 2002.  She is a graduate of Malone College where she earned her Bachelor of Science degree in Accounting and Business Administration. She has held various leadership roles within the organization and most recently served as the Chief Financial Officer.   

Victor H. Weaver will remain as the Chief Executive Officer, guiding the bank as it continues to see steady increases in both revenue and earnings. 

Today's announcement exemplifies the Company's long-term succession planning and underscores the tradition of management continuity that has shaped The Killbuck Savings Bank into the Bank it is today.

About The Killbuck Savings Bank Co.

Since 1900, The Killbuck Savings Bank Co. has had their corporate offices in Killbuck, Ohio.

For thirty-one consecutive years, The Killbuck Savings Bank Co. has held a 5-Star rating by Bauer Financial. A 5-Star bank rating, meaning the Bank excels in areas of capital adequacy, profitability, asset quality, and much more. This makes The Killbuck Savings Bank Co. one of the strongest community banks in the nation.

With $789 million in assets and over 140 employees, The Killbuck Savings Bank Co. specializes in “community banking” and currently operates eleven full-service locations. 

Killbuck, OH – January 2024: BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly acknowledges that Killbuck Savings Bank Company, Killbuck, OH has earned its highest, 5-Star rating for 130 consecutive quarters. Having maintained its financial strength and stability for over a quarter of a century, Killbuck Savings Bank Company has also earned a “Best of Bauer Bank” distinction. This designation is reserved solely for those banks that have earned and maintained Bauer’s 5-Star Rating for 25 years (100 consecutive quarters), or longer. This latest rating was assigned in December 2023 based on September 30, 2023 financial data and signifies that Killbuck Savings Bank Company continues to be one of the strongest banks in the nation. 

“Bauer rates banks based on their overall financial condition,” reports Karen Dorway, president of the rating firm, “and has been doing so for over 40 years. Bauer does not rate based on how much a bank gives back to its community, but sometimes I wish we could. The employees of community banks, like Killbuck Savings Bank Company, feel a responsibility to help their community grow and thrive,” continues Dorway. “It gives me great pleasure to acknowledge that a bank that measures its success by the success of its neighbors and friends, does so from such a solid financial foundation.”

Since its inception in 1900, Killbuck Savings Bank Company has been an enthusiastic supporter of the people and organizations in the communities it serves, which is also where its employees live, work and play. A dedicated banking partner, yes, but so much more. Supporting the community is what it does, and what it has done for 124 years. This community-focused bank wouldn’t have it any other way.

Visit killbuckbank.com.

Killbuck Savings Bank Company: “Community Banking. It's what we do. It's who we are. EVERY single day.”                 

Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although; the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. Since 1983, BauerFinancial has relied upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings). BauerFinancial, Inc. is not a financial advisor; it is an independent bank research firm. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.

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