First Exchange Bank Recognized As A Community Leader

AUGUST 2012- No matter how you look at it, 80 years is a long time. That’s how long First Exchange Bank has been serving residents of North Central West Virginia. In acknowledgement of their heritage and service, First Exchange Bank was awarded Marion County Chamber of Commerce Community Impact award at the chamber’s annual dinner.

Marion County Chamber of Commerce President Tina Shaw said “With locations in Mannington, Hundred, Fairview, Barrackville and Fairmont, First Exchange Bank serves the entire community where they are located.”

“They’ve been a strong community leader. The bank opens its doors to nonprofit agencies for meetings and encourages its employees to get involved with local groups,” said Lou Spatafore, chairman of the Marion County Chamber’s board of directors.

“First Exchange Bank’s growth has been accomplished by maintaining a focus on serving the small business community and providing excellent customer service to each and every customer. First Exchange Bank has made a conscious decision to remain independent and to assist in the communities we serve. We provide products and services that are comparable to the offerings of larger banks, but that hometown feel sets us apart. Our branches still have people who actually answer the telephone when customers call.” Said Bill Goettel, President and CEO.

First Exchange Bank was created on June 25, 1932, as a result of the merger of three banks in Mannington during the Great Depression. From 1969 (when they moved into the current main facility) to today, First Exchange Bank’s assets have grown from $4.5 million to approximately $200 million. The bank has also grown to include branches in Mannington, Fairmont, Fairview, Barrackville, Hundred and Morgantown.