June 13, 2024
The Richwood Banking Company has sat at its current location at 28 North Franklin Street for more than 100 years. The bank, which started in the Village of Richwood just after the Civil War, now has nine branches and more than $1 billion in assets. It also has been run by members of the same family since 1925 and is currently led by Chad Hoffman. This photo from the company shows the bank downtown in the late 1950s. (Photo submitted)
Richwood Bank: Meeting money needs in three different centuries
Editor’s Note: This is the second in a series of stories that appeared in the Marysville Journal-Tribune celebrating multi-generational family-owned businesses in the community. The stories run each Thursday leading up to an Aug. 1 special edition highlighting the Journal- Tribune’s 175th anniversary.
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The Richwood Banking Company has helped customers in three different centuries navigate world wars, a depression and rapidly changing times. So, what keeps it thriving in Union County and beyond?
For Chad Hoffman, the third generation president, that success could be chalked up to one idea: Richwood Bank is a community bank.
“We’re not owners, we’re ow…
Read this entire article as it appeared in print in our eEdition
