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Long-time leader of Allegheny Bancshares in W.Va. to retire in July

Allegheny Bancshares in Franklin, W.Va., has finalized its CEO succession.

The $825 million-asset company said in a press release that Neil Hayslett will take on the role on July 13. Hayslett will also become CEO of Pendleton County Bank.

Hayslett, the company’s president, will succeed Bill Loving Jr., who will retire. Loving, who has led the bank since October 2000, will remain on the board.

“For more than 25 years, Bill has established a lasting legacy and strong foundation for our bank,” Chad Branson, the company’s chairman, said in the release. “His vision and steady leadership have guided a period of tremendous growth and transformation, ensuring we are well-positioned for the future.”

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Paul Davis has 20+ years of experience following the banking industry. He is currently director of market intelligence at SRM, an advisory firm that operates in North America and Europe.

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