Ohio bank thinks outside the box on services

Ohio bank thinks outside the box on services

In a field populated by big banks, online banks, credit unions and fintechs, the $1.2 billion Richwood Bank of Richwood, Ohio, has developed a path to sustained relevance through ancillary businesses designed to grow the bank. Those businesses include marketing, payroll, consulting in education and HR, wealth management, and a unique model to “sell” coffee. It all started in 2014 as leadership of what had been a $425 million bank performed a sel…