Citizens Bank of Northern Kentucky has named Stephen Brunson its president and chief executive.
Brunson replaces interim chief David Van Horn, who remains a director. Citizens' previous president and CEO, Richard Barto, resigned at the end of May. A spokeswoman for the bank declined to discuss Barto's reasons for stepping down.
Brunson previously worked at Republic Bank & Trust, a unit of Republic Bancorp (RBCAA) in Louisville. He served as vice president and director of business development there for more than 18 years, according to his LinkedIn page.
The $254 million-asset Citizens, in Newport, has eight branches in three Kentucky counties. It is a subsidiary of Farmers Capital Bank Corp. (FFKT) in Frankfort, Ky., which has $1.8 billion in assets.
Citizens had a Tier 1 leverage ratio of 9.7% and total risk-based capital of 14.3% at June 30. It reported earnings of $783,000 in the second quarter and $1.5 million in 2012.