During the bank's annual stockholder picnic Tuesday, Chairman and CEO
"At a time when many financial providers are discussing mergers and sales, we're pleased to be able to give our shareholders an assurance for our bank's future as an independent institution," Clemons said. "With our advantageous size, a strong capital base and recent earnings that have been the highest in our history, we are in a good position to meet expanding regulatory requirements and remain independent for a long time to come."
An executive succession plan is a key part of the bank's expectations for maintaining its independent status. Clemons announced bank President
Both Clemons and Richerson will remain on the bank's board of directors upon retiring, and Clemons said the board is another area where planning is taking place. Those plans include adding new directors in the future to expand the board and represent more parts of the bank's service area.
All the aforementioned objectives are part of a long-term plan to set the course for the bank's next quarter century.
"With great employees and shareholders, and a strong market for our stock, the future looks bright," Clemons said. "Our bank has a great history and a tradition of service to our communities, and we're very fortunate that we can keep making our own way and following the values that define
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