Murbarger Joins Washington Savings Bank

Washington Savings Bank President and CEO David Doedtman has announced Rodney Murbarger as the new Vice President, Chief Financial Officer, and Chief Investment Officer for the bank.

“We are very excited to have Rodney join the management team at Washington Savings Bank. Not only is Rodney extremely qualified for the position, he is also a great fit within the culture of the bank,” says Doedtman. He adds, “Rodney’s expertise will help us continue to grow our operations and remain a secure, enduring and forward-thinking institution.”

“Washington Savings Bank has always been a well-respected bank in the community. I feel honored to be selected for this position,” says Murbarger “I look forward to the opportunity to leverage my banking experiences to help the bank achieve their goals,” he adds.

Murbarger has 20 years of banking experience with responsibilities including lending, interestrate risk management, budgeting, investment portfolio management, credit administration and other financial functions. He started his banking career as a residential loan officer and commercial credit analyst at Mercantile Bank of Illinois in Flora, IL, and then later joined Midland States Bank/Effingham State Bank. Most recently he served as Executive Vice President for First National Bank of Dieterich prior to joining Washington Savings Bank.

Murbarger graduated from Eastern Illinois University in 1994 with both a Bachelor of Science (BS) in Business, majoring in Accounting, and a BS in Administrative Management. He also received his Master of Business Administration (MBA) from Eastern Illinois University in 1999. Murbarger completed the Graduate of Financial Managers School of the Graduate School of Banking at the University of Wisconsin and the Graduate School of Commercial Lending at University of Oklahoma. A native of the Clay City area, Murbarger now resides in Heartville with his wife, Melissa, and their six-year-old son.

Washington Savings Bank, the second oldest and largest customer-owned financial institution in Effingham County, offers a full line of personal and commercial deposit and loan products. The
bank, which just recently celebrated its 130th anniversary, has received a 5-Star rating, the highest possible, from Bauer Financial for 25 consecutive years.