Human resources staff
EATON – After much discussion in recent years, the Preble County Art Association (Preble Arts) closes 2021 with the announcement of the recent sale of its assets at 601 Hillcrest Drive in Eaton, Somerville Bank.
According to officials, the bank will expand a branch in it and provide a gallery for Preble Arts to display the paintings of local artists.
The sale is historic for Preble Arts, according to PCAA Executive Director Claudia Edwards. The location of Hillcrest, the first independent settlement of Preble Arts. The first Preble Arts site destroyed on April 1, 1987, when St. Clair in the center of Eaton swept to the ground. Board members at the time raised the budget to build the Hillcrest facility on land leased to Preble County commissioners, and the inauguration took place on October 13, 1990.
After Preble Arts undertook an extensive strategic plan-making process, the agreement made the decision to return to downtown Eaton, to increase visibility and provide less difficult access to the entire county. After a successful network fundraising campaign, Preble Arts opened its new center at 207 East Main Street in Eaton in July 2019 with nearly 15,000 square feet of usable space. The new Preble Arts includes a ceramic studio with access to a courtyard, a giant studio for young people for categories and camps, a music studio, a studio, fiber studio, photography studio with darkroom and laboratory.
In 2021, Preble County Commissioners put the domain under the Hillcrest building into tender, and Preble Arts was able to acquire the land and eventually sell all the land and construction to Somerville Bank under Edwards’ direction.
“I am pleased to see that the assets will go to a bank of such caliber as Somerville, and I look forward to working with M. Paul Taylor and all the staff. I have no doubt that they will make our networks and do wonderful things here,” Edwards said.
According to Edwards, the sale of Hillcrest’s assets is monumental in many ways, allowing Preble Arts to repay its loan on East Main amenities and enter an era of program expansion, adding the creation of a graphic design lab for courses and members with a “library concept”; and succeed in new constituencies and communities in the region.
“My hope for the Graphic Design Lab is not only to offer courses to youth and adults, but also to create an opportunity for scholars who have completed the courses to generate a greater source of income through Preble Arts’ Graphic Design Lab. Preble Arts is more than an art center. I see Preble Arts as a source of resources for many other people on the net and a condiment for the local economy,” Edwards added.
“Somerville Bank would like to thank the Preble County Arts Association and Claudia Edwards, Executive Director, for the opportunity to acquire their former headquarters located at 601 Hillcrest Drive, Eaton,” Somerville Bank officials said in a press release last week. Expansion in recent years has led the Board of Directors and senior management to look for more areas. This location on Hillcrest Drive will provide the bank with the mandatory area for loan administration, branch retail operations, lenders, senior executives, and a meeting/conference room.
According to the statement, Somerville Bank was authorized in 1910 as a national bank with the Office of the Comptroller of the Currency. The bank has grown from its one-bedroom banking workplace in Somerville to seven retail branches in Butler and Preble counties in Ohio. and an intermediate loan in Richmond, Indiana. Effective January 1, 2018, the bank’s shareholders opted to replace the bank’s charter from a national charter to a state statute and form a holding company, Somerville Bancorp.
“Somerville Bank is a full-service bank offering all types of deposit products (i. e. checking accounts, savings accounts, certificates of deposit, cash markets, etc. ) and credit products, specializing in agricultural, advertising and credit lending. several ATMs will be available in our market area, adding two remote machines located at Camden and Kettering Medical Center in Eaton,” Somerville Bank President and CEO Paul Taylor said in the statement.
Somerville Bancorp’s current board includes Donald Baker, Michael Besecker, William (Bill) Brower, Wilfrid (Bill) Dues (president), Jodie Hunsucker, John Muncy, Donald Pollock, Melanie Stone, Taylor and Douglas C. The bank’s control team consists of Taylor, Jodie Hunsucker (Executive Vice President), David Douglas Ulrich (Senior Vice President and Chief Lending Officer) and Douglas C. Ulrich (Chief Investment Officer).
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