Financial services executive and 25-year industry veteran Donald Holt was named interim chief financial officer of Millersburg-based Mid Penn Bancorp Inc. and its wholly owned subsidiary Mid Penn Bank.
He will report to president and CEO Rory Ritrievi and lead the accounting, finance and treasury functions. In addition, according to a release, Holt will also oversee the investment committee, manage the asset-liability committee and interest rate risk management processes and be responsible for the regulatory reporting process with banking and securities agencies.
Holt was most recently chief financial officer of Community Banks Inc. and Keystone Financial Inc.; he was previously a manager in public accounting firm Ernst & Young.
“Having known Don for a few decades, he was the first candidate I thought of when we began our search for an interim,” Ritrievi said in the release. “His broad merger and acquisition experience combined with his deep accounting and regulatory knowledge make Don the perfect interim step for our company as we conduct a thorough and thoughtful search for a permanent CFO.”
Mid Penn has 36 retail locations in the state and total assets of more than $3 billion. Its footprint extends into Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill and Westmoreland counties.