United Cumberland Bank in Whitley City, Ky., has a new CEO.
The $379 million-asset bank said that Michael Laxton had also become its president. Laxton, who joined United Cumberland in 2005, has overseen IT projects and managed the bank’s debit card and bookkeeping departments, according to the Commonwealth Journal.
Laxton joined the bank’s board in 2020.
“It is always a pleasure to identify talented individuals within the bank to fill important positions,” David Winchester, United Cumberland’s chairman, told the publication. “Our customers and communities will be well-served by his leadership and hands-on involvement in the operation of our bank.”