Business Details
Your Trusted Community Bank in Cadiz, Ohio
Since 1873, Equitable Savings & Loan Association has served the Cadiz, Ohio community with personalized banking solutions. As one of the nation's oldest savings and loan institutions, we combine historical expertise with modern financial services to meet local needs. Our offerings include savings accounts, certificates of deposit, IRAs, and mortgage loans tailored to individual and family goals. We prioritize local decision-making and maintain a strong commitment to community reinvestment. Our team delivers safe deposit box services, competitive loan programs, and financial planning tools to support long-term success. With over 150 years of experience, we continue to uphold our founding mission of empowering residents through accessible banking.Our physical branch at 114 South Main Street operates six days weekly, complemented by convenient direct deposit options. We maintain strict compliance with financial regulations while preserving the hometown service ethos that distinguishes us from larger institutions. Our leadership team brings decades of combined banking experience to every customer interaction. Through economic cycles and industry changes, we've remained a trusted partner for generations of local families and businesses.
Services
Savings Accounts
Certificates of Deposit
IRAs
Mortgages
Loans on Deposits
Safe Deposit Boxes
Christmas Club Accounts
Money Orders
Construction Loans
Open-End Advances
Highlights and features
- We've served the Cadiz community with personalized banking since 1873.
- Local decision-making ensures tailored financial solutions for residents.
- Our product suite includes competitive savings, loan, and investment options.
- Safe deposit boxes protect your valuable documents and possessions.
- Experienced leadership team with decades of local banking expertise.
Services
Savings Accounts
Our savings accounts provide secure wealth-building opportunities with $100 minimum balances. Interest compounds quarterly while maintaining easy access to funds. We offer direct deposit integration for Social Security payments and automated interest transfers to simplify financial management.
Certificates of Deposit
CDs with terms from 91 days to 36 months offer guaranteed returns on invested funds. Minimum $500 deposits earn competitive rates with penalty provisions for early withdrawals. Compounded interest options provide flexible growth strategies for short- and medium-term savings goals.
Mortgage Loans
Fixed and adjustable-rate mortgages support home purchase, construction, and refinancing needs. 20% down payments qualify for 30-year fixed terms or 3-year adjustable options with rate caps. Construction loans convert seamlessly to traditional mortgages without refinancing requirements.
Individual Retirement Accounts
Traditional and Roth IRAs with 18-60 month terms provide tax-advantaged retirement savings. Quarterly compounding applies to $50 minimum contributions while penalty waivers apply for account holders over 59 years old. Tax benefits align with IRS regulations for long-term financial planning.
Loans on Deposits
Deposit account holders can borrow up to 100% of their savings at 2% above collateral rates. Monthly interest payments maintain loan affordability while preserving original deposit growth potential. This secured lending option provides quick access to emergency funds or investment capital.
People
Darla M. Monteleone
President and CEO
With over 30 years banking experience, Darla leads our institution since 2019. She joined in 1998 as Vice President and Treasurer after 8 years at Bank One. Her community-focused approach maintains our 150-year legacy of local financial stewardship.
L. Scott Blackburn
Vice President
Scott serves as Vice President and Board Director, contributing extensive local market knowledge. His leadership supports strategic growth initiatives while maintaining operational compliance with financial regulations.
Michael A. Sliva
Vice President
Michael combines technical expertise with customer service focus as Vice President. He manages daily operations and implements technology solutions that enhance account accessibility and security.
Deborah V. Kenny
Vice President
Deborah oversees client relations and branch operations with 20+ years institutional experience. Her team leadership ensures consistent delivery of personalized banking services to all account holders.
Donald R. Bethel
Chairman of the Board
Donald provides governance oversight as Board Chairman, guiding policy development and long-term planning. His strategic vision maintains our financial stability while advancing community reinvestment objectives.
Questions
What services does Equitable Savings offer?
We provide savings accounts, CDs, IRAs, mortgages, deposit loans, safe deposit boxes, and money orders to Cadiz residents.
How can I open an account?
Visit our 114 South Main Street branch during business hours or contact us at 740-942-2092 for account setup assistance.
Are my deposits insured?
Yes, all accounts receive FDIC insurance coverage up to legal limits for financial security.
Do you offer retirement accounts?
We provide both Traditional and Roth IRAs with competitive terms for long-term savings planning.
What mortgage options exist?
Choose from fixed-rate, adjustable-rate, and construction loans with personalized down payment and term options.
How safe are my valuables?
Our safe deposit boxes protect important documents and possessions during regular banking hours.