Less than a year after opening its doors for business, Bank of Bird-in-Hand is searching for a new president and CEO after Brent L. Peters announced his retirement from those positions.
Peters told the board on June 30 that his retirement was effective immediately, according to a news release. Lori A. Maley has been appointed interim president and CEO and, in addition, she will continue to serve as executive vice president and chief financial officer.
“On behalf of the board of directors, we thank him for his service to the bank and wish him only the best in his retirement,” said Kevin J. McClarigan, board chairman.
"“Mr. Peters was instrumental to ensuring Bank of Bird-in-Hand was the first bank in the United States to be granted a charter since The Great Recession," McClarigan said. "Without his experience, guidance, and credentials, it would not have been possible to navigate the regulatory channels to achieve this extraordinary accomplishment. Through his leadership, we have built a strong foundation on which to grow our community bank for years to come.”
The release said the board formed a succession committee several months ago "to identify candidates for all positions at the bank as well as to succeed Mr. Peters upon his retirement." The committee continues its search, according to the release, but "has narrowed potential candidates and expects to name a new president and chief executive officer in the coming weeks."