Community Bank Shares of Indiana, New Albany, has hired Michael L. Douglas, a former vice chairman and chief operating officer of Electronic Payment Services, as president and chief executive officer.

He succeeded Robert E. Yates, who has retired. Mr. Yates helped establish the bank in 1991 as a mutual holding company and helped it go public in 1995.

Mr. Douglas retired from Electronic Payment Services in 1996.

Community Bank Shares also promoted Tom Jones to president and CEO of its Community Bank of New Albany and Patrick Daily to those jobs at Heritage Bank of Jeffersonville. Mr. Jones was senior vice president of business services at Community Bank, and Mr. Daily was senior vice president and chief credit officer of Heritage.

C. Thomas Young remains chairman of the company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.