Milton Federal Financial Corp. in West Milton, Ohio, has elected an outside director to succeed a longtime banker as chairman.
Robert E. Hine, 69, owns Hine's Inc., a dealer in John Deere agricultural equipment. Cletus G. Minnich, 75, retired as chairman of $250 million-asset Milton Federal after 20 years in the post.
Mr. Hine has been vice chairman since 1993 and a director of Milton Federal Savings Bank since 1973. He will also be chairman of the bank, as Mr. Minnich was.
Mr. Minnich joined Milton Federal in 1946 as a teller. He retired in 1989 as president and managing officer of the holding company.
Glenn E. Aidt remains president and CEO of Milton Federal Financial and its bank.