Community State Bank in Orbisonia, Pa., has finalized its CEO succession.
The $400 million-asset bank said in a press release that Nicole Wilson will succeed Michael Bibak as president on Feb. 2. She will then become CEO when Bibak retires at the end of the year.
Wilson is the bank’s chief financial officer.
“Though Mike’s tenure with Community State Bank has been relatively short, his impact has been significant,” Jessice Tice, the bank’s chair, said in the release. “He was brought in with a clear mandate: to strengthen the bank’s foundation, enhance our compliance and risk posture, and develop the next generation of leadership. He delivered on all fronts.”