QNB Bank in Quakertown, Pa., announced Tuesday that its longtime chief executive is retiring at the end of this year and that its board has elected the bank’s president to succeed him.
Thomas J. Bisko joined what was then Quaker National Bank in 1985 and he added the title of CEO in 1988. Under Bisko, the bank’s assets grew more than 500%, to $864 million, without the benefit of acquisitions and its number of branches tripled, to nine. Its name was changed to QNB Bank in 2007.
Bisko, 64, is expected to remain on the boards of the bank and its holding company after he retires.
David W. Freeman, the bank’s president and chief operating officer, will replace Bisko as CEO. Freeman, 55, joined the bank in 2010 after eight years running the Drovers Bank division of Fulton Financial (FULT). He has more than 30 years of banking experience.