January 23, 2010
Carol J. Pitman, MAOM, SPHR
Jamie N. Hinson, BS
Advantage Bank’s Top Talent
Advantage Bank is an eight hundred million dollar community bank known for its savings and
mortgage loan products.
With its main headquarters located in a small town called Cambridge,
Ohio, Advantage Bank has been in the industry since the year 1970.
Not only are there services
located in Cambridge, Ohio, there are also banking services located in the following areas:
Vienna, West Virginia
Washington Court House, Ohio
Within each of these areas, there are approximately twenty-eight banking services branches open
to for customers.
Among these branches consists of approximately two hundred and ninety-two
When the stock market crashed in 2008, Advantage Bank was being considered a candidate for a
merger/acquisition with First Place Bank, whose headquarters is located in Warren, Ohio, (First,
Due to the worries with the economy, the merger/acquisition with First Place Bank was
terminated and Advantage Bank was left to pick up the pieces of the broken down corporation.
Not only did the entire Bank perceive a negative morale, many positions were terminated and/or
abandoned in the process of readying for the proposed merger/acquisition.
This left many
departments short-handed and unable to perform and function to the best of their abilities.
Over the past year since the termination of the merger/acquisition drama, Advantage Bank’s
Senior Management, Department Managers, and the Human Resource Department has worked
very hard to improve the morale of the corporation.
There are many ways that this strategy has
The first step that was taken included hiring new Board of Director Members, a
new Chief Executive Officer, a new Chief Financial Officer, and a new Chief Credit Officer that
were appointed to help adhere to the Bank’s strategic plan.