York Township-based PeoplesBank has promoted three executives to operating roles but none will be taking on the CEO position left vacant last month.
According to a press release Monday, Charles T. Field was promoted to executive vice president and CFO. He will oversee expense management and strategic positioning. Field also serves as treasurer of PeoplesBank holding company Codorus Valley Bancorp, Inc.
Amy Doll was promoted to senior vice president and chief revenue officer. In her new role, Doll will oversee all income streams of the bank. Doll began her career with PeoplesBank in April 2002 as senior commercial credit review officer, a post she held until November 2006. She returned to PeoplesBank in May 2014 as a business banking officer and most recently held the position of chief lending officer.
Timothy Nieman was appointed to secretary of both PeoplesBank and Codorus Valley. Nieman will continue in his role as general counsel for both PeoplesBank and Codorus Valley. He began his career with PeoplesBank in January. Nieman is also an adjunct professor at Penn State University – Dickinson School of Law.
Late last month, the company promoted Diane Baker to executive vice president and chief operating and risk officer.
The moves come a month after the bank fired its CEO, A. Dwight Utz. Utz also served as executive vice president and COO of Codorus Valley.
The bank has just started the process for the CEO search, vice president Nathan Eifert said in an interview.
According to its most recent earnings report, Codorus Valley posted net income of $1.5 million in the last quarter of 2017 and $12 million over the whole year. That is down from $3.8 million in the last quarter of 2016 and $13.1 million for all of 2016.
The bank has $1.7 billion in assets and operates 37 branches, including 11 satellite offices in retirement communities.