RE: LCNB’s Foster Sets Retirement Date, Meilstrup Adds CEO to His Responsibilities
31 Mai 2019 - 12:45AM
Business Wire
LCNB Corp. (NASDAQ: LCNB) The Board of Directors of LCNB Corp.
and LCNB National Bank announced that Steve P. Foster will retire
as Chief Executive Officer of LCNB Corp. and its subsidiary, LCNB
National Bank, effective June 30, 2019. Following his retirement,
he will continue to serve on the Board of Directors of LCNB Corp.
and LCNB National Bank. Mr. Foster steps down after 45 years in the
banking industry, 42 at LCNB.
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LCNB's Steve Foster sets retirement date.
(Photo: Business Wire)
At the same meeting, the Board of Directors appointed Eric J.
Meilstrup to the position of Chief Executive Officer of LCNB Corp.
and LCNB National Bank effective June 30, 2019. Mr. Meilstrup, who
was named President and appointed to the Board on October 1, 2018,
will continue to serve in such capacities following this new
appointment.
Spencer S. Cropper, Chair of the Board of LCNB Corp. and LCNB
National Bank commented “The banking industry has seen significant
change over the past decade. Thanks to Steve’s leadership, we’ve
been able to not just keep-up with the change, but also grow and
expand our presence in the region. We’ve been able to do so, all
while holding firm to the principals that have made us a successful
community bank.” He continued, “Although Steve will be
transitioning out of his CEO role, we are pleased that he will
continue his service on both the LCNB Corp. and LCNB National Bank
Boards.“
Mr. Foster commented “I enter retirement with complete
confidence that Eric Meilstrup, with the management team and all
the LCNB employees, will continue the successful growth of the bank
in the many communities that LCNB National Bank serves.” He added
“Eric’s many years of experience as a member of the management team
has prepared him to lead the bank forward in the rapidly changing
financial services industry.”
Regarding Mr. Meilstrup’s appointment, Mr. Cropper stated “Eric
has spent 30+ years with LCNB and is a well-qualified and respected
leader both within LCNB as well as in the community. The Board
has full confidence that Eric will be an excellent leader as we
look for continued success in the years to come.”
Mr. Meilstrup added “I am extremely grateful for this
opportunity and continue to be excited about being part of this
very talented team of people at LCNB National Bank.” He continued
“I also want to thank Steve for his leadership and friendship. He
has had a positive impact on the growth of our bank, our employees
and each of the communities the bank serves. He is a great example
of what a true community banker is.”
LCNB Corp. is a financial holding company headquartered in
Lebanon, Ohio. LCNB National Bank is its wholly-owned FDIC insured
subsidiary with 35 offices located in Butler, Clinton, Clermont,
Fayette, Franklin, Hamilton, Montgomery, Preble, Ross, and Warren,
Counties, Ohio. Additional information about LCNB Corp. and
information about products and services offered by LCNB National
Bank can be found on the Internet at www.LCNB.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190530005907/en/
Eric J. Meilstrup, President orRobert C. Haines II,
Executive VP & CFOat 800-344-BANK
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