Merchants National Bank in Hillsboro, Ohio, is ready to finalize its CEO succession.
The $1.3 billion-asset bank said in a press release that Paul Pence Jr. will retire as CEO on Dec. 31. He will remain chairman.
Denise Fauber, the bank’s president and chief operating officer, will succeed Pence. Fauber will remain president.
The board “expresses its deep appreciation for Paul’s long-tenured leadership, recognizing the steadfast commitment and vision he has brought to Merchants National Bank throughout his tenure,” Christopher Walker, the bank’s vice chairman, said in the release. “Paul has played an instrumental role in shaping the strength, culture and reputation of MNB.”