Richard Meares, the president and chief executive of Fleetwood Bank in Berks County, Pa., is retiring in January.

A spokeswoman for the $231 million-asset bank said it has not determined who will succeed Meares as CEO. But it has hired a new president: National Penn Bank veteran Timothy Snyder.

Snyder worked for National Penn, of Allentown, Pa., for more than 16 years, until February, according to his LinkedIn profile. When he left he was senior vice president of specialized banking services. His hiring at Fleetwood was first reported Wednesday by Lehigh Valley Business.

BB&T of Winston-Salem, N.C., announced in August that it had agreed to buy National Penn for $1.8 billion.

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