Stephen P. Szemes was appointed president and chief executive officer of Bank and Trust Company of Old York Road, Willow Grove, Pa. He was also elected a member of the board of directors.
Mark Hankin, chairman of the board, said Mr. Szemes' appointment completes a transition in management for the bank. Mr. Hankin had been chief executive as well as chairman since the death of his father, bank founder Perch Hankin.
Harry Hilger will continue as executive vice president.
Mr. Szemes was president and chief executive officer of North Side Deposit Bank in Pittsburgh.