Ameriana Bancorp (ASBI) in New Castle, Ind., has announced several executive changes prompted by the pending retirement of Chief Risk Officer Timothy Clark.

The $437 million-asset company named Janelle Gamble, who had previously served as a vice president, the new chief risk officer. Gamble will head Ameriana's enterprise-risk-management program while continuing to serve as its compliance and community reinvestment act officer, according to a press release Tuesday.

Ameriana also promoted Deborah Robinson to chief banking officer and executive vice president. Robinson previously served as chief marketing officer and senior vice president of retail banking. Her responsibilities now include leading the company's financial services, insurance and mortgage and consumer lending divisions. She will also continue to head Ameriana's retail, operations, customer-care and marketing departments.

The company also promoted Chief Financial Officer John Letter and Chief Credit Officer Michael Wenstrup to executive vice president roles "due to the significant leadership and strategic direction they provide the organization," according to the release.

"Organizational alignment is critical to the bank's success," Ameriana President and Chief Executive Jerome Gassen said in the release. "[Clark's] retirement as CRO prompted several opportunities for reorganization and alignment, and I am confident … we will build an even stronger Ameriana."

Ameriana announced earlier this month that Clark would retire on March 11 after 17 years at the company.

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