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Cordia Bancorp found an experienced leader to run its bank, and executive recruiters believe more companies could do the same as they try to train the next generation. One problem: Most retired CEOs seem content to sit on the sidelines after enduring the financial crisis.
August 7 -
Premier Financial Bancorp in Huntington, W. Va., has agreed to buy First National Bankshares in Ronceverte, W. Va.
July 7 -
First National Corp. in Strasburg, Va., has a new bank president. The $530 million-asset company said in a press release Monday that Dennis Dysart would also remain chief operating officer of First Bank.
July 6
Bank of Fincastle in Virginia has named Charles "Scott" Steele chief executive, after its longtime CEO retired.
The $221 million-asset bank said Steele assumed the position on July 1; the appointment was announced on Wednesday in the Roanoke Times. The bank did not immediately return a request for comment. Steele was also given the title of president.
Steele was previously chief lending officer and compliance officer at the $115 million-asset CornerStone Bank in Lexington, Va.
Steele succeeded John Kilby, who had been CEO since 1987 and president since 1990. Kilby will remain the bank's chairman, a position he has held since 1983.
Bank of Fincastle, which was established in 1875, operates seven branches in the Roanoke, Va., area.
