Shepherdstown, W.Va. – West Virginia Secretary of State Natalie E. Tennant presented an official state proclamation to the oldest corporation the Secretary of State’s Office has on file in the oldest town in West Virginia on Friday.
Jefferson Security Bank opened for business on May 19, 1869, and was originally named Jefferson Savings Bank. It is an independent community bank that primarily serves Jefferson and Berkeley counties in West Virginia.
At today’s celebration, Secretary Tennant was joined by Shepherdstown Mayor Jim Auxer, Jefferson County Chamber of Commerce President Heather McIntyre and others to recognize the bank’s longevity and devotion to the community.
“Jefferson Security Bank was created in the days of Reconstruction following the Civil War when the future of our nation was still on shaky ground,” Secretary Tennant said. “It survived the Stock Market crash of 1929 and the Great Depression that followed. In a time when community banks are becoming a rarity, Jefferson Security Bank continues to not only survive, but prosper. This is worth celebrating.”
Jefferson Security Bank has experienced it all since its inception in 1869, from rallies and booms to recessions and depressions.
It started with just $1,750.00 in total assets and has now grown to $283.9 million.
“To be part of a company that has served our community for 146 years is a privilege. Jefferson Security Bank is a local institution that has tested the limits of time. We support our customers, employees and shareholders. We’re gratified they choose to work with us,” said James M. Davis, chair of Jefferson Security Bank’s board of directors.
Jefferson Security Bank provides general banking services within its primary market area of Jefferson and Berkley counties in West Virginia and Washington County, Maryland and its secondary market of Frederick County, Virginia.
Media Relations/Public Affairs Specialist
Secretary of State’s Office
1900 Kanawha Blvd. E
Building 1, Suite 157K
Charleston, WV 25305
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