City Holding in Charleston, W.Va., will be looking to name a new chairman, after Philip McLaughlin said he will resign at the end of the year.
The $3.5 billion-asset company did not say in a regulatory fling who will succeed McLaughlin as chairman of both the company and City National Bank of West Virginia. City did not respond to a request for comment.
McLaughlin, who was 74 in March at the time of City's proxy, will resign for personal reasons and not because of a disagreement with the company, City said in a filing.
McLaughlin joined City in 1998 when it bought Horizon Bancorp in Beckley, W.Va. He became chairman of the combined company at that time, but stepped down in 2002 while remaining on the board. City's board asked him to re-assume the chairman's role in 2007 and he's been chairman since then.